Price for Ferrous Waste and Scrap; of Stainless Steel in Kenya - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Kenya (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Kenya (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Kenya
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Kenya
Price for Ferrous Waste and Scrap; of Stainless Steel in Kenya (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $480 per ton, remaining constant against the previous year. Overall, the export price saw a deep contraction. The growth pace was the most rapid in 2014 an increase of 3.8%. Over the period under review, the average export prices attained the peak figure at $1,978 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,065 per ton), while the average price for exports to South Korea ($175 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 China (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Stainless Steel in Kenya (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $593 per ton, leveling off at the previous year. Over the period under review, the import price, however, showed a deep setback. The growth pace was the most rapid in 2021 when the average import price increased by 0.2%. The import price peaked at $2,141 per ton in 2012; however, from 2013 to 2022, 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 India ($2,284 per ton), while the price for Rwanda ($263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Kenya
In 2022, after three years of growth, there was significant decline in overseas shipments of ferrous waste and scrap; of stainless steels, when their volume decreased by -34% to 970 tons. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 582% against the previous year.
In value terms, exports of ferrous waste and scrap; of stainless steels contracted significantly to $465K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 582% against the previous year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.9 | 170 | 328 | 122 | 149.0% |
| China | 10.4 | 60.9 | 132 | 112 | 120.8% |
| United Arab Emirates | 4.2 | 67.4 | 132 | 99.2 | 186.9% |
| Uganda | 7.9 | 40.8 | 77.9 | 58.4 | 94.8% |
| Thailand | 19.1 | 48.0 | 16.1 | 35.6 | 23.1% |
| Netherlands | 6.5 | 24.1 | 20.2 | 30.5 | 67.4% |
| South Korea | N/A | N/A | N/A | 8.3 | 0% |
| Others | 5.0 | 4.8 | 4.6 | N/A | -4.1% |
| Total | 61.0 | 416 | 710 | 465 | 96.8% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Kenya in 2022:
- India (322.9 tons)
- United Arab Emirates (281.8 tons)
- China (123.4 tons)
- Uganda (107.0 tons)
- Thailand (58.3 tons)
- South Korea (47.5 tons)
- Netherlands (28.7 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Kenya
In 2022, purchases abroad of ferrous waste and scrap; of stainless steels decreased by -23.9% to 11 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. As a result, imports reached the peak of 19 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; of stainless steels declined significantly to $6.4K in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 2.3% against the previous year. As a result, imports reached the peak of $11K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.3 | 3.7 | 3.9 | 3.0 | 115.4% |
| Rwanda | 1.8 | 2.1 | 2.3 | 1.9 | 1.8% |
| China | 2.0 | 2.0 | 1.9 | 1.3 | -13.4% |
| Burundi | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| United States | 2.6 | N/A | N/A | N/A | 0% |
| Tanzania | 3.6 | 2.9 | N/A | N/A | -19.4% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 10.7 | 11.0 | 8.4 | 6.4 | -15.7% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Kenya in 2022:
- Rwanda (7.1 tons)
- China (2.1 tons)
- India (1.3 tons)
- Burundi (0.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kenya.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kenya.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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