Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya - 2022
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $3,702 per ton, increasing by 20% against the previous year. In general, the import price, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $5,021 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 ($7,299 per ton), while the price for Italy ($1,499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $2,024 per ton, dropping by -51.1% against the previous year. In general, the export price, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 86% against the previous year. The export price peaked at $4,138 per ton in 2021, and then dropped sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($48,818 per ton), while the average price for exports to Nigeria ($1,482 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 Burundi (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya
In 2022, overseas purchases of stainless steel; flat-rolled products of width less than 600mms decreased by -0.6% to 136 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of 112%. As a result, imports attained the peak of 300 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $504K in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 162%. As a result, imports attained the peak of $979K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 281 | 868 | 367 | 368 | 9.4% |
| India | 7.9 | 22.7 | 19.6 | 70.1 | 107.0% |
| Italy | 2.7 | 12.5 | 4.8 | 8.0 | 43.6% |
| Others | 81.5 | 75.8 | 30.6 | 57.7 | -10.9% |
| Total | 373 | 979 | 422 | 504 | 10.6% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Kenya in 2022:
- China (113.6 tons)
- India (9.6 tons)
- Italy (5.4 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya
In 2022, exports of stainless steel; flat-rolled products of width less than 600mms from Kenya dropped sharply to 1.5 tons, reducing by -17.3% compared with the year before. Overall, exports recorded a precipitous decrease. The smallest decline of -0.2% was in 2020.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms fell sharply to $3K in 2022. Over the period under review, exports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. As a result, the exports reached the peak of $31K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | 1.7 | 0% |
| Uganda | 6.5 | 10.4 | 0.1 | 0.5 | -57.5% |
| Burundi | 8.1 | 9.9 | 1.2 | 0.5 | -60.5% |
| Tanzania | 1.7 | 7.5 | 0.5 | 0.1 | -61.1% |
| Rwanda | 1.5 | 3.1 | 0.6 | 0.1 | -59.5% |
| Slovakia | N/A | N/A | 5.2 | N/A | 0% |
| Others | 1.7 | 0.3 | N/A | N/A | -82.4% |
| Total | 19.5 | 31.1 | 7.5 | 3.0 | -46.4% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Kenya in 2022:
- Nigeria (1148.0 kg)
- Uganda (249.0 kg)
- Rwanda (46.0 kg)
- Tanzania (38.0 kg)
- Burundi (11.0 kg)
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