Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $1,220 per ton, with a decrease of -80.8% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. The import price peaked at $6,343 per ton in 2021, and then dropped sharply in the following year.
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 Germany ($7,231 per ton), while the price for China ($604 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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $2,886 per ton, which is down by -13.4% against the previous year. In general, the export price saw a deep slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices reached the maximum at $14,076 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($293,286 per ton), while the average price for exports to Democratic Republic of the Congo ($312 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 Tanzania (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya
In 2022, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into Kenya contracted remarkably to 690 kg, shrinking by -87.6% against 2021. In general, imports faced a sharp slump. The smallest decline of -9.1% was in 2021.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia reduced rapidly to $842 in 2022. Overall, imports continue to indicate a sharp shrinkage. The smallest decline of -2.1% was in 2021.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Germany | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| China | 0.5 | 0.3 | 0.1 | 0.1 | -41.5% |
| United Kingdom | 23.2 | 33.3 | 32.8 | N/A | 18.9% |
| United Arab Emirates | 4.0 | 1.4 | 1.4 | N/A | -40.8% |
| Portugal | 7.8 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.0 | 0.8 | 0.2 | -43.3% |
| Total | 36.8 | 36.0 | 35.3 | 0.8 | -72.1% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Kenya in 2022:
- India (430.0 kg)
- China (240.0 kg)
- Germany (13.0 kg)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya
Exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia from Kenya expanded slightly to 2.5 tons in 2022, surging by 4.9% against 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia fell to $7.2K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 78% against the previous year.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 1.8 | 3.6 | 4.3 | 3.9 | 29.4% |
| Democratic Republic of the Congo | 0.7 | 0.6 | 0.8 | 0.7 | 0.0% |
| Others | 1.1 | 2.3 | 2.8 | 2.6 | 33.2% |
| Total | 3.7 | 6.5 | 8.0 | 7.2 | 24.8% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Kenya in 2022:
- Democratic Republic of the Congo (2395.0 kg)
- Uganda (87.0 kg)
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