Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya - 2022
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya (CIF) - 2022
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya (CIF) - 2022
In 2022, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $1,344 per ton, increasing by 13% against the previous year. Over the period under review, the import price posted a moderate increase. The pace of growth appeared the most rapid in 2021 an increase of 26% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($1,461 per ton) and China ($1,409 per ton), while the price for Egypt ($1,277 per ton) and Turkey ($1,297 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya (FOB) - 2022
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $978 per ton in 2022, with a decrease of -3.3% against the previous year. In general, the export price, however, saw a slight increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 133% against the previous year. As a result, the export price attained the peak level of $1,438 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($1,100 per ton), while the average price for exports to Burundi ($491 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+1.2%), while the prices for the other major destinations experienced a decline.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya
In 2022, imports of steel alloy wire of materials other than silico-manganese steels into Kenya stood at 939 tons, picking up by 15% against the year before. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels surged to $1.3M in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 71%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 358 | 303 | 567 | 431 | 6.4% |
| India | 178 | 154 | 257 | 232 | 9.2% |
| Egypt | N/A | N/A | 64.0 | 227 | 254.7% |
| Spain | N/A | N/A | N/A | 210 | 0% |
| China | 119 | 102 | 34.6 | 137 | 4.8% |
| Greece | N/A | N/A | 51.8 | N/A | 0% |
| Others | 12.1 | 12.4 | 3.4 | 23.8 | 25.3% |
| Total | 666 | 572 | 978 | 1,262 | 23.7% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Kenya in 2022:
- Turkey (332.7 tons)
- Egypt (178.1 tons)
- India (168.3 tons)
- Spain (144.0 tons)
- China (97.0 tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya
In 2022, after three years of growth, there was significant decline in shipments abroad of steel alloy wire of materials other than silico-manganese steels, when their volume decreased by -9.9% to 291 tons. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 240% against the previous year. As a result, the exports attained the peak of 323 tons, and then declined in the following year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels shrank to $285K in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 269% against the previous year. As a result, the exports reached the peak of $327K, and then dropped in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 10.1 | 87.3 | 302 | 233 | 184.7% |
| Tanzania | 1.6 | N/A | 3.2 | 49.3 | 213.5% |
| Uganda | 47.2 | N/A | 20.7 | N/A | -33.8% |
| Others | 11.7 | 1.1 | 0.9 | 2.2 | -42.7% |
| Total | 70.6 | 88.4 | 327 | 285 | 59.2% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Kenya in 2022:
- Rwanda (242.4 tons)
- Tanzania (44.8 tons)
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