Report Update: May 1, 2024

Kenya - Safes, Strongboxes And Doors Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights

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Safes and Strongboxes Price in Kenya - 2021

Safes and Strongboxes Price in Kenya (CIF) - 2022

In 2022, the average safes and strongboxes import price amounted to $1,967 per ton, declining by -6.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 23%. As a result, import price attained the peak level of $2,114 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($6,880 per ton), while the price for Vietnam ($335 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced a decline.

Safes and Strongboxes Price in Kenya (FOB) - 2022

The average safes and strongboxes export price stood at $4,992 per ton in 2022, declining by -14.2% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safes and strongboxes export price decreased by -5.2% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum at $5,916 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($10,150 per ton), while the average price for exports to Burundi ($900 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 Malawi (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Safes and Strongboxes Imports in Kenya

In 2022, supplies from abroad of safes, strongboxes and doors of base metal increased by 5% to 824 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a drastic downturn.

In value terms, safes and strongboxes imports dropped modestly to $1.6M in 2022. Overall, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 3% against the previous year.

Import of Safes and Strongboxes in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,237	1,193	1,197	1,253	0.4%
China	121	98.3	139	121	0.0%
South Korea	222	171	106	116	-19.5%
India	115	13.8	41.4	37.8	-31.0%
Malaysia	41.7	22.9	29.5	25.9	-14.7%
Vietnam	23.5	23.3	25.0	21.9	-2.3%
Indonesia	38.1	13.0	14.4	14.8	-27.0%
Others	89.2	62.0	93.4	31.7	-29.2%
Total	1,887	1,598	1,645	1,622	-4.9%

Top Suppliers of Safes and Strongboxes to Kenya in 2022:

South Korea (279.9 tons)
France (182.1 tons)
China (108.6 tons)
India (73.2 tons)
Vietnam (65.2 tons)
Malaysia (62.6 tons)
Indonesia (29.2 tons)

Safes and Strongboxes Exports in Kenya

In 2022, overseas shipments of safes, strongboxes and doors of base metal were finally on the rise to reach 1.7 tons after two years of decline. Overall, exports, however, saw a sharp descent.

In value terms, safes and strongboxes exports totaled $8.5K in 2022. Over the period under review, exports, however, showed a precipitous decline.

Export of Safes and Strongboxes in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tanzania	6.7	0.5	0.4	2.6	-27.1%
Somalia	3.1	0.2	0.7	1.4	-23.3%
Malawi	3.8	0.2	0.4	1.4	-28.3%
South Sudan	3.0	N/A	0.1	0.8	-35.6%
Uganda	1.1	0.1	0.6	0.4	-28.6%
Democratic Republic of the Congo	0.4	N/A	0.2	0.2	-20.6%
Rwanda	2.6	0.2	2.7	0.2	-57.5%
Burundi	0.2	N/A	0.2	0.2	0.0%
Nigeria	1.8	N/A	0.2	0.2	-51.9%
Mozambique	N/A	7.4	N/A	N/A	0%
Others	2.0	0.2	2.6	1.1	-18.1%
Total	24.7	9.0	8.1	8.5	-29.9%

Top Export Markets for Safes and Strongboxes from Kenya in 2022:

Tanzania (364.0 kg)
South Sudan (309.0 kg)
Malawi (254.0 kg)
Burundi (201.0 kg)
Democratic Republic of the Congo (141.0 kg)
Somalia (136.0 kg)
Nigeria (76.0 kg)
Uganda (64.0 kg)
Rwanda (43.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the safes and strongboxes market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992120 - Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, of base metal
Prodcom 25992170 - Base metal cash or deed boxes and the like

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023