Price for Zinc; Waste and Scrap in Kenya - 2022

Contents:

1. Price for Zinc; Waste and Scrap in Kenya (CIF) - 2022
2. Price for Zinc; Waste and Scrap in Kenya (FOB) - 2022
3. Imports of Zinc; Waste and Scrap in Kenya
4. Exports of Zinc; Waste and Scrap in Kenya

Price for Zinc; Waste and Scrap in Kenya (CIF) - 2022

In 2022, the average zinc; waste and scrap import price amounted to $814 per ton, approximately mirroring the previous year. Over the period under review, the import price saw slight growth. The growth pace was the most rapid in 2018 when the average import price increased by 81% against the previous year. As a result, import price reached the peak level of $2,352 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ethiopia.

From 2012 to 2022, the rate of growth in terms of prices for Ethiopia amounted to +4.9% per year.

Price for Zinc; Waste and Scrap in Kenya (FOB) - 2022

The average zinc; waste and scrap export price stood at $2,152 per ton in 2022, almost unchanged from the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; waste and scrap export price increased by +3.5% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 48% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,824 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($3,607 per ton), while the average price for exports to Belgium ($406 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 India (+4.9%).

Imports of Zinc; Waste and Scrap in Kenya

In 2022, the amount of zinc; waste and scraps imported into Kenya expanded markedly to 327 tons, increasing by 14% compared with the year before. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 371%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, zinc; waste and scrap imports rose markedly to $266K in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 276% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Zinc; Waste and Scrap to Kenya in 2022:

1. Ethiopia (326.6 tons)

Exports of Zinc; Waste and Scrap in Kenya

In 2022, overseas shipments of zinc; waste and scraps were finally on the rise to reach 47 tons after two years of decline. Overall, exports, however, continue to indicate a dramatic decline.

In value terms, zinc; waste and scrap exports skyrocketed to $101K in 2022. Over the period under review, exports, however, showed a precipitous curtailment.

Top Export Markets for Zinc; Waste and Scrap from Kenya in 2022:

1. India (22.6 tons)
2. China (20.9 tons)
3. Belgium (3.3 tons)

Source: IndexBox Market Intelligence Platform