Kenya: Moulds For Metal Market 2024

Moulds For Metal Market Size in Kenya

In 2022, the Kenyan moulds for metal market decreased by -5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a buoyant increase. Moulds for metal consumption peaked at $X in 2021, and then dropped in the following year.

Moulds For Metal Exports

Exports from Kenya

In 2022, after two years of growth, there was significant decline in overseas shipments of moulds for metals, when their volume decreased by -66.5% to X tons. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 548% against the previous year. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, moulds for metal exports contracted markedly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 491% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Rwanda (X tons) was the main destination for moulds for metal exports from Kenya, with a 79% share of total exports. Moreover, moulds for metal exports to Rwanda exceeded the volume sent to the second major destination, Uganda (X kg), fivefold. Tanzania (X kg) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Rwanda totaled +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-9.9% per year) and Tanzania (-2.6% per year).

In value terms, Rwanda ($X) remains the key foreign market for moulds for metals exports from Kenya, comprising 86% of total exports. The second position in the ranking was taken by Mozambique ($X), with an 8.3% share of total exports. It was followed by Uganda, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+23.5% per year) and Uganda (-8.3% per year).

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, with an increase of 18% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 166% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 Mozambique ($X per ton), while the average price for exports to Uganda ($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 Mozambique (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Kenya

In 2022, after three years of growth, there was significant decline in purchases abroad of moulds for metals, when their volume decreased by -14.3% to X tons. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 410%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, moulds for metal imports contracted to $X in 2022. In general, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 282%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X tons), China (X tons) and India (X tons) were the main suppliers of moulds for metal imports to Kenya, together accounting for 68% of total imports. Italy, South Korea, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +63.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest moulds for metal suppliers to Kenya, with a combined 60% share of total imports. Hong Kong SAR, Italy, South Korea and the United Arab Emirates lagged somewhat behind, together comprising a further 24%.

The United Arab Emirates, with a CAGR of +55.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2014 an increase of 29%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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