Kenya: Base Metal Hook Market 2022

Base Metal Hook Market Size in Kenya

The Kenyan base metal hook market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Base Metal Hook Exports

Exports from Kenya

In 2021, overseas shipments of base metal hooks, eyes and eyelets increased by X% to X kg, rising for the second consecutive year after four years of decline. Overall, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, base metal hook exports expanded slightly to $X in 2021. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uganda (X kg) was the main destination for base metal hook exports from Kenya, with a X% share of total exports. Moreover, base metal hook exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X kg), threefold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Tunisia ($X) emerged as the key foreign market for base metal hook exports from Kenya, comprising X% of total exports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Tunisia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+X% per year) and Tanzania (-X% per year).

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Tunisia ($X per ton), while the average price for exports to Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hook Imports

Imports into Kenya

In 2021, purchases abroad of base metal hooks, eyes and eyelets was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth imports failed to regain momentum.

In value terms, base metal hook imports soared to $X in 2021. In general, imports, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal hook to Kenya, with a X% share of total imports. Moreover, base metal hook imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (-X% per year).

In value terms, China ($X) constituted the largest supplier of base metal hook to Kenya, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Turkey (+X% per year).

Import Prices by Country

The average base metal hook import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform