Kenya: Metal Link Chain Market 2024

Metal Link Chain Market Size in Kenya

The Kenyan metal link chain market rose rapidly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Metal Link Chain Production in Kenya

In value terms, metal link chain production rose sharply to $X in 2022 estimated in export price. Overall, production saw a slight setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Metal link chain production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Metal Link Chain Exports

Exports from Kenya

In 2022, the amount of iron or steel articulated link chain exported from Kenya soared to X tons, growing by X% on the year before. Overall, exports, however, showed a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal link chain exports fell sharply to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for metal link chain exports from Kenya, with a X% share of total exports. Moreover, metal link chain exports to Uganda exceeded the volume sent to the second major destination, South Sudan (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Uganda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (X% per year) and Rwanda (X% per year).

In value terms, South Sudan ($X) emerged as the key foreign market for iron or steel articulated link chain exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average metal link chain export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($X per ton), while the average price for exports to Uganda ($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 Portugal (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Link Chain Imports

Imports into Kenya

Metal link chain imports into Kenya contracted dramatically to X tons in 2022, declining by X% on the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal link chain imports reduced notably to $X in 2022. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal link chain supplier to Kenya, with a X% share of total imports. Moreover, metal link chain imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The UK (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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

In value terms, the largest metal link chain suppliers to Kenya were China ($X), India ($X) and the UK ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal link chain import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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