Kenya: Nail And Bolt Market 2024

Nail And Bolt Market Size in Kenya

The Kenyan nail and bolt market fell rapidly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nail And Bolt Production in Kenya

In value terms, nail and bolt production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nail And Bolt Exports

Exports from Kenya

For the fourth year in a row, Kenya recorded growth in shipments abroad of nails, tacks, staples, screws and bolts, which increased by X% to X tons in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nail and bolt exports soared to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Tanzania (X tons), the United States (X tons) and Rwanda (X tons) were the main destinations of nail and bolt exports from Kenya, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for nails, tacks, staples, screws and bolts exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 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 Malawi ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Malawi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Kenya

For the fourth year in a row, Kenya recorded decline in overseas purchases of nails, tacks, staples, screws and bolts, which decreased by X% to X tons in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, nail and bolt imports declined markedly to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of nail and bolt to Kenya, accounting for a X% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. Uganda (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 Uganda (X% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to Kenya, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Uganda, with a X% share.

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

Import Prices by Country

In 2022, the average nail and bolt import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price 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, nail and bolt import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Tanzania ($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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