Kenya: Expanded Metal Market 2024

Expanded Metal Market Size in Kenya

After three years of growth, the Kenyan expanded metal market decreased by X% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Expanded metal consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Expanded Metal Production in Kenya

In value terms, expanded metal production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports from Kenya

Expanded metal exports from Kenya declined modestly to X tons in 2022, with a decrease of X% against 2021 figures. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports amounted to $X in 2022. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Uganda (X% per year).

In value terms, Burundi ($X) remains the key foreign market for iron or steel expanded metal exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burundi amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average expanded metal export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Metal Imports

Imports into Kenya

In 2022, imports of iron or steel expanded metal into Kenya surged to X tons, increasing by X% on the previous year. Overall, imports continue to indicate a measured expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, expanded metal imports soared to $X in 2022. In general, imports saw a temperate increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main supplier of expanded metal to Kenya, with a X% share of total imports. It was followed by the UK (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to Kenya, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2022, 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

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