Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $595 per ton in 2022, with a decrease of -12.3% against the previous year. Over the period under review, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of 36%. Over the period under review, average import prices reached the peak figure at $679 per ton in 2021, and then fell in the following year.
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 China ($782 per ton), while the price for Japan ($400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $550 per ton, falling by -11.2% against the previous year. Overall, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 22%. Over the period under review, the average export prices reached the peak figure at $742 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($591 per ton), while the average price for exports to Democratic Republic of the Congo ($282 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 Rwanda (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Kenya expanded notably to 163K tons in 2022, with an increase of 14% against the previous year's figure. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, imports reached the peak of 183K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $97M in 2022. The total import value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 21%. As a result, imports reached the peak of $97M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 1.9 | 1.8 | 24.2 | 40.1% |
| South Africa | 27.5 | 22.2 | 12.5 | 18.3 | -12.7% |
| India | 10.2 | 10.4 | 28.7 | 15.6 | 15.2% |
| Egypt | 3.7 | 10.6 | 9.0 | 10.4 | 41.1% |
| Ukraine | 3.4 | 12.3 | 6.5 | 7.5 | 30.2% |
| Japan | 2.0 | 4.2 | 4.5 | 6.5 | 48.1% |
| Indonesia | N/A | N/A | 11.5 | 5.2 | -54.8% |
| Russia | 9.3 | 6.7 | 5.6 | 2.0 | -40.1% |
| Vietnam | N/A | 20.7 | 5.4 | N/A | -73.9% |
| Others | 15.3 | 8.4 | 11.1 | 7.2 | -22.2% |
| Total | 80.1 | 97.3 | 96.5 | 96.9 | 6.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Kenya in 2022:
- China (31.0K tons)
- South Africa (27.3K tons)
- India (23.4K tons)
- Egypt (19.9K tons)
- Japan (16.2K tons)
- Ukraine (15.0K tons)
- Indonesia (11.7K tons)
- Russia (3.4K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses was finally on the rise to reach 304 tons after two years of decline. Overall, exports, however, saw a precipitous contraction.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $167K in 2022. Over the period under review, exports, however, recorded a precipitous shrinkage.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 512 | 151 | 51.6 | 76.3 | -47.0% |
| Burundi | 5.7 | 18.4 | 34.1 | 57.2 | 115.7% |
| Tanzania | 22.3 | 15.7 | 14.8 | 22.2 | -0.1% |
| Democratic Republic of the Congo | 14.5 | 6.4 | 3.4 | 7.5 | -19.7% |
| Rwanda | 21.1 | 2.3 | 2.0 | 2.6 | -50.2% |
| Congo | N/A | N/A | 31.3 | N/A | 0% |
| Others | 0.4 | 1.7 | 1.0 | 1.3 | 48.1% |
| Total | 576 | 196 | 138 | 167 | -33.8% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Kenya in 2022:
- Uganda (129.1 tons)
- Burundi (100.2 tons)
- Tanzania (41.2 tons)
- Democratic Republic of the Congo (26.6 tons)
- Rwanda (4.8 tons)
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