Price for Steel, Alloy; Ingots and Other Primary Forms in Kenya - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Kenya (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Kenya (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Kenya
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Kenya
Price for Steel, Alloy; Ingots and Other Primary Forms in Kenya (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $1,283 per ton, reducing by -9.8% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2020 when the average export price decreased by -5.7% against the previous year. The export price peaked at $9,359 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -18.0% per year.
Price for Steel, Alloy; Ingots and Other Primary Forms in Kenya (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $18,323 per ton in 2022, remaining constant against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 180%. Over the period under review, average import prices hit record highs at $24,558 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($53,000 per ton), while the price for South Africa stood at $18,305 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+35.6%).
Exports of Steel, Alloy; Ingots and Other Primary Forms in Kenya
For the fourth year in a row, Kenya recorded growth in shipments abroad of steel, alloy; ingots and other primary formses, which increased by 20% to 265 tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, alloy; ingots and other primary formses reached $340K in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 8.2% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 13.1 | 291 | 315 | 340 | 196.1% |
| Democratic Republic of the Congo | 188 | N/A | N/A | N/A | 0% |
| Others | 67.3 | N/A | N/A | N/A | 0% |
| Total | 269 | 291 | 315 | 340 | 8.1% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Kenya in 2022:
- Uganda (265.4 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Kenya
In 2022, imports of steel, alloy; ingots and other primary formses into Kenya was estimated at 1.9 tons, remaining relatively unchanged against the year before. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. As a result, imports reached the peak of 3.8 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steel, alloy; ingots and other primary formses amounted to $35K in 2022. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports reached the peak of $70K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 58.6 | 69.2 | 34.8 | 35.0 | -15.8% |
| Others | 1.3 | 0.8 | 0.2 | 0.1 | -57.5% |
| Total | 59.9 | 69.9 | 35.0 | 35.0 | -16.4% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Kenya in 2022:
- South Africa (1911.0 kg)
355
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Kenya.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
215
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2368
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1072
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
805
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
765
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
