Kenya: Titanium Market 2023

Titanium Market Size in Kenya

The Kenyan titanium market fell slightly to $X in 2021, dropping by -3.7% against the previous year. In general, consumption continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the market value increased by 8.1% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Titanium Production in Kenya

In value terms, titanium production fell slightly to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 12%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Titanium Exports

Exports from Kenya

In 2017, the amount of titanium sponge, powders, ingots and slabs exported from Kenya stood at X kg, approximately mirroring 2016. In general, exports continue to indicate a deep reduction. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2017, the exports stood at a somewhat lower figure.

In value terms, titanium exports stood at $X in 2017. Overall, exports saw a abrupt shrinkage. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2017, the exports failed to regain momentum.

Exports by Country

Rwanda (X kg) was the main destination for titanium exports from Kenya, with a approx. 100% share of total exports.

From 2015 to 2017, the average annual rate of growth in terms of volume to Rwanda stood at -8.5%.

From 2015 to 2017, the average annual rate of growth in terms of value to Rwanda stood at -12.8%.

Export Prices by Country

In 2017, the average titanium export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2017, the export prices stood at a somewhat lower figure.

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

From 2015 to 2017, the rate of growth in terms of prices for Rwanda amounted to -4.7% per year.

Titanium Imports

Imports into Kenya

In 2019, purchases abroad of titanium sponge, powders, ingots and slabs decreased by 0% to X kg for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a perceptible reduction. The smallest decline of 99.9% was in 2017. Imports peaked at X kg in 2016; however, from 2017 to 2019, imports failed to regain momentum.

In value terms, titanium imports totaled $X in 2019. In general, imports showed a prominent increase. The smallest decline of 99.9% was in 2017. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, India (X kg) was the main supplier of titanium to Kenya, with a approx. 100% share of total imports.

From 2016 to 2019, the average annual rate of growth in terms of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of titanium to Kenya.

From 2016 to 2019, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

In 2019, the average titanium import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 a decrease of 99.9% against the previous year. The import price peaked in 2019 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2016 to 2019, the rate of growth in terms of prices for Japan amounted to 0.0% per year.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :