Price for Stainless Steel in Ingots or Other Primary Forms in Kenya - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Kenya (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Kenya
Price for Stainless Steel in Ingots or Other Primary Forms in Kenya (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $1,124 per ton, dropping by -84.7% against the previous year. Over the period under review, the import price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 451%. Over the period under review, average import prices reached the maximum at $13,576 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($90,957 per ton), while the price for China ($2,601 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Stainless Steel in Ingots or Other Primary Forms in Kenya
In 2022, imports of stainless steel in ingots or other primary forms into Kenya soared to 67 tons, surging by 5,236% against the year before. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms skyrocketed to $75K in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.1 | 0.1 | 0.2 | 23.5 | 517.1% |
| China | 2.2 | 0.4 | 0.4 | 7.5 | 50.5% |
| India | 2.3 | 0.6 | 1.1 | 0.4 | -44.2% |
| Portugal | 1.9 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 2.7 | 7.5 | 43.8 | 252.5% |
| Total | 7.4 | 3.8 | 9.2 | 75.2 | 116.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Kenya in 2022:
- China (2.9 tons)
- South Africa (0.3 tons)
- India (0.1 tons)
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