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Report Kenya - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Kenya - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Kenya

The Kenyan rare earth metal market shrank significantly to less than $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Rare Earth Metal Production in Kenya

In value terms, rare earth metal production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; afterwards, it flattened through to 2022.

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Rare Earth Metal Exports

Exports from Kenya

In 2021, the amount of rare earth metals exported from Kenya was estimated at X kg, standing approx. at the previous year. Over the period under review, exports continue to indicate a precipitous slump. The smallest decline of X% was in 2016. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, rare earth metal exports stood at $X in 2021. Overall, exports faced a precipitous decrease. The smallest decline of X% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X kg) was the main destination for rare earth metal exports from Kenya, with a approx. X% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Tanzania was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Tanzania was relatively modest.

Export Prices by Country

In 2021, the average rare earth metal export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price showed measured growth. The most prominent rate of growth was recorded in 2016 a decrease of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2015 to 2021, the rate of growth in terms of prices for Tanzania amounted to X% per year.

Rare Earth Metal Imports

Imports into Kenya

After two years of decline, purchases abroad of rare earth metals decreased by X% to X kg in 2021. Overall, imports, however, enjoyed a significant expansion. Imports peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, rare earth metal imports shrank significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant increase. Over the period under review, imports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

In 2021, Germany (X kg) constituted the largest rare earth metal supplier to Kenya, with a X% share of total imports. Moreover, rare earth metal imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2015 to 2021, the average annual growth rate of volume from Germany was relatively modest.

In value terms, Germany ($X) constituted the largest supplier of rare earth metals to Kenya, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest.

Import Prices by Country

In 2021, the average rare earth metal import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price enjoyed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States stood at $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2023 were China, Australia and Myanmar, with a combined 74% share of global consumption. The United States, Japan and Malaysia lagged somewhat behind, together comprising a further 19%.
China constituted the country with the largest volume of rare earth metal production, comprising approx. 48% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, Australia, twofold. Myanmar ranked third in terms of total production with a 10% share.
In value terms, Germany constituted the largest supplier of rare earth metals to Kenya, comprising 31% of total imports. The second position in the ranking was taken by the United States $79), with a 0.8% share of total imports.
The average rare earth metal export price stood at $1,400 per ton in 2021, standing approx. at the previous year.
The average rare earth metal import price stood at $25,715 per ton in 2021, with an increase of 93% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Kenya

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Kenya
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023

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