Metals; Platinum, Semi-Manufactured Price in Kenya - 2021

Contents:

  1. Metals; Platinum, Semi-Manufactured Price in Kenya (CIF) - 2022
  2. Metals; Platinum, Semi-Manufactured Imports in Kenya

Metals; Platinum, Semi-Manufactured Price in Kenya (CIF) - 2022

The average metals; platinum, semi-manufactured import price stood at $1,311,750 per ton in 2022, increasing by 4.6% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of 236% against the previous year. As a result, import price attained the peak level of $4,878 per kg. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,339,000 per ton), while the price for Burundi ($611,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Metals; Platinum, Semi-Manufactured Imports in Kenya

In 2022, overseas purchases of metals; platinum, semi-manufactureds decreased by -33.3% to 4 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports attained the peak of 6 kg, and then declined remarkably in the following year.

In value terms, metals; platinum, semi-manufactured imports fell markedly to $5.2K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 153% against the previous year. As a result, imports reached the peak of $7.5K, and then reduced remarkably in the following year.

Import of Metals; Platinum, Semi-Manufactured in Kenya (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium1,3599598562,33919.8%
India2353413961,35579.3%
South Africa1,075630433942-4.3%
BurundiN/AN/AN/A6110%
AustriaN/AN/A1,829N/A0%
FranceN/AN/A996N/A0%
OthersN/A1,0413,013N/A189.4%
Total2,6692,9717,5235,24725.3%

Top Suppliers of Metals; Platinum, Semi-Manufactured to Kenya in 2022:

  1. Burundi (1.0 kg)
  2. Belgium (1.0 kg)
  3. India (1.0 kg)
  4. South Africa (1.0 kg)

Source: IndexBox Market Intelligence Platform

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