Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya - 2022

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya
4. Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,570 per ton, leveling off at the previous year. In general, the import price saw resilient growth. The growth pace was the most rapid in 2013 a decrease of -23.1% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +15.6% per year.

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $2,167 per ton, surging by 8.2% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2019 an increase of 25% against the previous year. As a result, the export price reached the peak level of $2,458 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +8.0% per year.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya

In 2022, after two years of decline, there was decline in purchases abroad of steel, alloy, when their volume decreased by 0% to 373 tons. Overall, imports recorded a abrupt descent. The smallest decline of 99.9% was in 2020.

In value terms, imports of steel, alloy amounted to $1.3M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Kenya in 2022:

1. India (372.6 tons)

Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Kenya

In 2022, the amount of steel, alloy exported from Kenya expanded markedly to 125 tons, with an increase of 7.8% compared with the previous year. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 7.8%.

In value terms, exports of steel, alloy skyrocketed to $271K in 2022. In general, exports, however, saw a abrupt setback.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Kenya in 2022:

1. Tanzania (124.9 tons)

Source: IndexBox Market Intelligence Platform