Kenya: Base Metal Keys Market 2022

Base Metal Keys Market Size in Kenya

The Kenyan base metal keys market surged to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Base Metal Keys Exports

Exports from Kenya

In 2021, shipments abroad of base metal keys increased by X% to X kg, rising for the second consecutive year after two years of decline. Overall, exports recorded a prominent expansion. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, base metal keys exports soared to $X in 2021. In general, exports recorded a resilient increase. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X kg) was the main destination for base metal keys exports from Kenya, accounting for a X% share of total exports. Moreover, base metal keys exports to Tanzania exceeded the volume sent to the second major destination, Rwanda (X kg), twofold.

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

In value terms, Rwanda ($X) remains the key foreign market for base metal keys exports from Kenya, comprising X% of total exports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Rwanda stood at +X%. 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 keys export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price, however, recorded a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Tanzania ($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 Rwanda (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Keys Imports

Imports into Kenya

Base metal keys imports into Kenya skyrocketed to X tons in 2021, rising by X% on the year before. In general, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, base metal keys imports soared to $X in 2021. Over the period under review, imports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest base metal keys supplier to Kenya, with a X% share of total imports. Moreover, base metal keys imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fivefold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

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

In value terms, the largest base metal keys suppliers to Kenya were China ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. These countries were followed by South Africa, the United States, Taiwan (Chinese) and India, which together accounted for a further X the main suppliers, Taiwan (Chinese), with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average base metal keys import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a mild increase 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. Based on 2021 figures, base metal keys import price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform