Kenya: Winding Wire Market 2024

Winding Wire Market Size in Kenya

The Kenyan winding wire market rose modestly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Winding Wire Production in Kenya

In value terms, winding wire production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Winding Wire Exports

Exports from Kenya

Winding wire exports from Kenya reduced rapidly to X tons in 2022, declining by X% compared with the previous year's figure. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, winding wire exports fell notably to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Sudan (X tons) was the main destination for winding wire exports from Kenya, with a X% share of total exports. Moreover, winding wire exports to South Sudan exceeded the volume sent to the second major destination, Uganda (X tons), sixfold. Mozambique (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 South Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Mozambique (X% per year).

In value terms, South Sudan ($X) remains the key foreign market for winding wire for electrical purposes exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Uganda (X% per year).

Export Prices by Country

The average winding wire export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Burundi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Kenya

In 2022, after four years of decline, there was significant growth in overseas purchases of winding wire for electrical purposes, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, winding wire imports expanded notably to $X in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest winding wire supplier to Kenya, with a X% share of total imports. Moreover, winding wire imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and India (X% per year).

In value terms, China ($X), Egypt ($X) and India ($X) constituted the largest winding wire suppliers to Kenya, together accounting for X% of total imports.

China, with a CAGR of X%, saw 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 a decline.

Import Prices by Country

The average winding wire import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform