Price for Powders of Pig Iron in Kenya - 2022

Contents:

  1. Price for Powders of Pig Iron in Kenya (CIF) - 2022
  2. Price for Powders of Pig Iron in Kenya (FOB) - 2022
  3. Imports of Powders of Pig Iron in Kenya
  4. Exports of Powders of Pig Iron in Kenya

Price for Powders of Pig Iron in Kenya (CIF) - 2022

The average powders of pig iron import price stood at $2,148 per ton in 2022, reducing by -26.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 84%. Over the period under review, average import prices reached the maximum at $4,175 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($20,224 per ton), while the price for India ($1,162 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+33.9%), while the prices for the other major suppliers experienced a decline.

Price for Powders of Pig Iron in Kenya (FOB) - 2022

The average powders of pig iron export price stood at $8,176 per ton in 2022, declining by -12.3% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. The export price peaked at $9,327 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($14,305 per ton), while the average price for exports to Uganda ($419 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powders of Pig Iron in Kenya

Powders of pig iron imports into Kenya expanded slightly to 22 tons in 2022, picking up by 4% compared with the year before. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 472% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, powders of pig iron imports shrank significantly to $48K in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 709%.

Import of Powders of Pig Iron in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom2.019.429.618.4109.5%
India0.25.919.817.6344.8%
Japan1.45.49.38.280.3%
Others0.52.23.73.489.5%
Total4.132.962.447.7126.6%

Top Suppliers of Powders of Pig Iron to Kenya in 2022:

  1. India (15.1 tons)
  2. Japan (4.8 tons)
  3. United Kingdom (2.1 tons)

Exports of Powders of Pig Iron in Kenya

In 2022, after two years of decline, there was significant growth in overseas shipments of powders of pig ira, when their volume increased by 42% to 881 kg. Over the period under review, exports, however, faced a dramatic curtailment.

In value terms, powders of pig iron exports surged to $7.2K in 2022. Overall, exports, however, recorded a deep downturn.

Export of Powders of Pig Iron in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom13.18.25.77.0-18.9%
United States0.50.30.10.2-26.3%
UgandaN/AN/AN/AN/A0%
OthersN/A0.1N/AN/A0%
Total13.68.65.87.2-19.1%

Top Export Markets for Powders of Pig Iron from Kenya in 2022:

  1. United Kingdom (487.0 kg)
  2. United States (378.0 kg)
  3. Uganda (16.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Iron or steel, pig iron, spiegeleisen; powders (excluding alloy steel) - Kenya