Kenya: Wire And Cable Market 2024

Wire And Cable Market Size in Kenya

In 2022, after two years of growth, there was decline in the Kenyan wire and cable market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Wire and cable consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wire And Cable Production in Kenya

In value terms, wire and cable production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Wire and cable production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wire And Cable Exports

Exports from Kenya

Wire and cable exports from Kenya shrank sharply to X tons in 2022, with a decrease of X% on 2021 figures. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wire and cable exports declined markedly to $X in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), South Sudan (X tons) and Rwanda (X tons) were the main destinations of wire and cable exports from Kenya, together accounting for X% of total exports. Uganda, Tanzania, Burundi and Ethiopia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wire and cable exported from Kenya were South Sudan ($X), Rwanda ($X) and Uganda ($X), with a combined X% share of total exports. Ethiopia, Burundi, Tanzania and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ethiopia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average wire and cable export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X 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 Burundi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Kenya

Wire and cable imports into Kenya contracted to X tons in 2022, with a decrease of X% compared with 2021 figures. In general, imports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wire and cable imports shrank to $X in 2022. Overall, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wire and cable to Kenya, with a X% share of total imports. Moreover, wire and cable imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Egypt (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of insulated wire and cable to Kenya, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and India (X% per year).

Import Prices by Country

The average wire and cable import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, 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 Egypt ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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