Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya - 2022
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $1,803 per ton in 2022, with an increase of 65% against the previous year. In general, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 201%. As a result, import price attained the peak level of $2,685 per ton. From 2019 to 2022, the average import prices remained 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 ($5,270 per ton), while the price for China ($1,323 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya (FOB) - 2022
The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $1,565 per ton in 2022, shrinking by -12.3% against the previous year. Overall, the export price continues to indicate a slight slump. The pace of growth was the most pronounced in 2015 an increase of 127% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,679 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($10,842 per ton), while the average price for exports to Uganda ($205 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 Democratic Republic of the Congo (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya
Imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia into Kenya surged to 1.2K tons in 2022, increasing by 215% compared with the year before. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia soared to $2.2M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.1 | 57.6 | 282 | 1,365 | 207.2% |
| India | 13.4 | 24.8 | 43.1 | 710 | 275.6% |
| Malaysia | 25.4 | 36.6 | 44.5 | 50.3 | 25.6% |
| South Africa | 157 | 9.8 | 13.3 | 16.8 | -52.5% |
| Others | 34.0 | 29.5 | 37.2 | 41.9 | 7.2% |
| Total | 277 | 158 | 420 | 2,184 | 99.0% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Kenya in 2022:
- China (1032.1 tons)
- India (134.8 tons)
- Malaysia (10.5 tons)
- South Africa (1.6 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya
In 2022, approx. 9.9 tons of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were exported from Kenya; rising by 255% on 2021. Over the period under review, exports, however, faced a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 359%.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia skyrocketed to $15K in 2022. Overall, exports, however, continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 486% against the previous year.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 9.8 | 0.2 | 1.5 | 8.3 | -5.4% |
| Tanzania | 72.0 | 0.7 | 3.0 | 4.8 | -59.5% |
| Rwanda | 0.5 | N/A | 0.4 | 2.1 | 61.3% |
| Uganda | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Others | 0.9 | N/A | N/A | 0.1 | -51.9% |
| Total | 83.5 | 0.8 | 5.0 | 15.5 | -43.0% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Kenya in 2022:
- Tanzania (5.5 tons)
- Rwanda (3.1 tons)
- Democratic Republic of the Congo (0.8 tons)
- Uganda (0.4 tons)
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