Price for Railway or Tramway Track Constructions of Iron or Steel in Kenya - 2022

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Kenya (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Kenya (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Kenya
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Kenya

Price for Railway or Tramway Track Constructions of Iron or Steel in Kenya (CIF) - 2022

In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $1,855 per ton, picking up by 82% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,921 per ton in 2012; afterwards, it flattened through to 2022.

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 the Netherlands ($4,146 per ton), while the price for Luxembourg ($735 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the prices for the other major suppliers experienced a decline.

Price for Railway or Tramway Track Constructions of Iron or Steel in Kenya (FOB) - 2022

The average export price for railway or tramway track constructions of iron or steel stood at $674 per ton in 2022, rising by 3% against the previous year. Overall, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $1,984 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 Mozambique ($2,279 per ton), while the average price for exports to Rwanda ($296 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 (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Kenya

Imports of railway or tramway track constructions of iron or steel into Kenya fell notably to 1.4K tons in 2022, waning by -84.5% on 2021. In general, imports continue to indicate a dramatic shrinkage. The smallest decline of -25.1% was in 2020.

In value terms, imports of railway or tramway track constructions of iron or steel reduced markedly to $2.7M in 2022. Overall, imports continue to indicate a precipitous contraction. The smallest decline of -30.3% was in 2020.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Kenya in 2022:

1. China (954.5 tons)
2. India (216.0 tons)
3. Netherlands (104.6 tons)
4. Luxembourg (68.9 tons)
5. Czech Republic (23.9 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Kenya

In 2022, the amount of railway or tramway track constructions of iron or steel exported from Kenya skyrocketed to 25 tons, surging by 31% against the previous year. Overall, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of railway or tramway track constructions of iron or steel soared to $17K in 2022. In general, exports, however, saw a deep reduction.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Kenya in 2022:

1. Rwanda (15.4 tons)
2. Burundi (3.0 tons)
3. Tanzania (2.3 tons)
4. Democratic Republic of the Congo (1.8 tons)
5. Uganda (1.4 tons)
6. Mozambique (0.9 tons)

Source: IndexBox Market Intelligence Platform