Price for Zinc; Plates, Sheets, Strip and Foil in Kenya - 2022

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in Kenya (CIF) - 2022
2. Price for Zinc; Plates, Sheets, Strip and Foil in Kenya (FOB) - 2022
3. Imports of Zinc; Plates, Sheets, Strip and Foil in Kenya
4. Exports of Zinc; Plates, Sheets, Strip and Foil in Kenya

Price for Zinc; Plates, Sheets, Strip and Foil in Kenya (CIF) - 2022

The average import price for zinc; plates, sheets, strip and foils stood at $4,385 per ton in 2022, reducing by -1.6% against the previous year. Overall, the import price, however, showed a tangible expansion. The growth pace was the most rapid in 2018 when the average import price increased by 119% against the previous year. As a result, import price attained the peak level of $6,034 per ton. From 2019 to 2022, the average import prices remained at a 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 China ($5,184 per ton), while the price for the United Arab Emirates totaled $1,911 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in Kenya (FOB) - 2022

In 2022, the average export price for zinc; plates, sheets, strip and foils amounted to $564 per ton, declining by -9.1% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,021 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($1,000 per ton), while the average price for exports to Democratic Republic of the Congo ($522 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 (+7.1%), while the prices for the other major destinations experienced a decline.

Imports of Zinc; Plates, Sheets, Strip and Foil in Kenya

Imports of zinc; plates, sheets, strip and foils into Kenya fell to 1.6 tons in 2022, reducing by -9.3% on the year before. Overall, imports showed a dramatic shrinkage.

In value terms, imports of zinc; plates, sheets, strip and foils rose slightly to $7.9K in 2022. Over the period under review, imports saw a precipitous shrinkage.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to Kenya in 2022:

1. China (1484.0 kg)
2. United Arab Emirates (123.0 kg)

Exports of Zinc; Plates, Sheets, Strip and Foil in Kenya

In 2022, exports of zinc; plates, sheets, strip and foils from Kenya skyrocketed to 4.1 tons, rising by 34% on the year before. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of zinc; plates, sheets, strip and foils fell to $2.7K in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 35%. As a result, the exports reached the peak of $3.5K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from Kenya in 2022:

1. Nigeria (4.0 tons)
2. Democratic Republic of the Congo (0.1 tons)

Source: IndexBox Market Intelligence Platform