Price for Refined Copper Tube and Pipe in Kenya - 2021
Contents:
- Price for Refined Copper Tube and Pipe in Kenya (CIF) - 2022
- Price for Refined Copper Tube and Pipe in Kenya (FOB) - 2022
- Imports of Refined Copper Tube and Pipe in Kenya
- Exports of Refined Copper Tube and Pipe in Kenya
Price for Refined Copper Tube and Pipe in Kenya (CIF) - 2022
In 2022, the average import price for tubes and pipes of refined copper amounted to $7,844 per ton, remaining stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $9,630 per ton in 2016; however, from 2017 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 India ($12,696 per ton), while the price for the United Arab Emirates ($3,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Refined Copper Tube and Pipe in Kenya (FOB) - 2022
The average export price for tubes and pipes of refined copper stood at $9,361 per ton in 2022, flattening at the previous year. Overall, the export price recorded a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 58%. The export price peaked at $15,654 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($38,681 per ton), while the average price for exports to Burundi ($4,000 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 Rwanda (+14.3%), while the prices for the other major destinations experienced a decline.
Imports of Refined Copper Tube and Pipe in Kenya
In 2022, the amount of tubes and pipes of refined copper imported into Kenya expanded sharply to 143 tons, growing by 9.1% compared with the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. As a result, imports reached the peak of 153 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined copper tube and pipe imports expanded markedly to $1.1M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Refined Copper Tube and Pipe in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 120 | 259 | 296 | 313 | 37.7% |
| South Africa | 180 | 275 | 161 | 214 | 5.9% |
| India | 56.9 | 101 | 169 | 204 | 53.1% |
| China | 185 | 201 | 149 | 131 | -10.9% |
| Greece | 1.6 | 6.1 | 12.6 | 52.7 | 220.6% |
| United Arab Emirates | 33.4 | 23.9 | 24.8 | 23.6 | -10.9% |
| Malaysia | 23.7 | 14.2 | 23.6 | 22.8 | -1.3% |
| South Korea | 23.5 | 244 | 10.7 | 7.6 | -31.4% |
| Others | 151 | 91.2 | 181 | 153 | 0.4% |
| Total | 774 | 1,215 | 1,028 | 1,122 | 13.2% |
Top Suppliers of Refined Copper Tube and Pipe to Kenya in 2022:
- Thailand (37.5 tons)
- South Africa (36.8 tons)
- China (24.4 tons)
- India (16.0 tons)
- Greece (8.1 tons)
- United Arab Emirates (7.3 tons)
- Malaysia (2.6 tons)
- South Korea (1.5 tons)
Exports of Refined Copper Tube and Pipe in Kenya
In 2022, after three years of growth, there was significant decline in shipments abroad of tubes and pipes of refined copper, when their volume decreased by -7.2% to 501 kg. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.4% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 79% against the previous year.
In value terms, refined copper tube and pipe exports fell to $4.7K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 87%.
| Export of Refined Copper Tube and Pipe in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 777 | 1,048 | 2,084 | 2,123 | 39.8% |
| Rwanda | 231 | 1,744 | 1,785 | 1,818 | 98.9% |
| Uganda | 53.0 | 78.0 | 185 | 188 | 52.5% |
| Burundi | 549 | 546 | 591 | 4.0 | -80.6% |
| Others | 672 | 847 | 474 | 557 | -6.1% |
| Total | 2,282 | 4,263 | 5,119 | 4,690 | 27.1% |
Top Export Markets for Refined Copper Tube and Pipe from Kenya in 2022:
- Tanzania (423.0 kg)
- Rwanda (47.0 kg)
- Uganda (25.0 kg)
- Burundi (1.0 kg)
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