Kenya - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Plaited Band Price in Kenya - 2021
Contents:
- Steel Plaited Band Price in Kenya (CIF) - 2022
- Steel Plaited Band Price in Kenya (FOB) - 2022
- Steel Plaited Band Imports in Kenya
- Steel Plaited Band Exports in Kenya
Steel Plaited Band Price in Kenya (CIF) - 2022
In 2022, the average steel plaited band import price amounted to $968 per ton, waning by -39.8% against the previous year. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in 2015 when the average import price increased by 37%. As a result, import price reached the peak level of $1,980 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,354 per ton), while the price for China ($870 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.3%), while the prices for the other major suppliers experienced a decline.
Steel Plaited Band Price in Kenya (FOB) - 2022
The average steel plaited band export price stood at $1,621 per ton in 2022, which is down by -10.1% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $2,470 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($2,143 per ton), while the average price for exports to Democratic Republic of the Congo ($769 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 Uganda (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Steel Plaited Band Imports in Kenya
For the fourth consecutive year, Kenya recorded growth in overseas purchases of iron or steel plaited bands and slings, which increased by 51% to 2.8K tons in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 222%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, steel plaited band imports contracted to $2.7M in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 249% against the previous year.
Import of Steel Plaited Band in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 481 | 1,383 | 657 | 2,268 | 67.7% |
Portugal | 7.6 | 78.1 | 184 | 72.8 | 112.4% |
India | 102 | 141 | 452 | 32.7 | -31.6% |
Hong Kong SAR | 8.2 | 65.4 | 133 | 22.8 | 40.6% |
Others | 96.1 | 758 | 1,533 | 296 | 45.5% |
Total | 695 | 2,426 | 2,959 | 2,692 | 57.0% |
Top Suppliers of Steel Plaited Band to Kenya in 2022:
- China (2606.5 tons)
- Portugal (61.0 tons)
- India (24.1 tons)
- Hong Kong SAR (11.6 tons)
Steel Plaited Band Exports in Kenya
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel plaited bands and slings, when their volume decreased by -37.8% to 101 tons. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 672%. As a result, the exports attained the peak of 163 tons, and then declined rapidly in the following year.
In value terms, steel plaited band exports declined significantly to $164K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 743%. As a result, the exports attained the peak of $293K, and then fell rapidly in the following year.
Export of Steel Plaited Band in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uganda | 0.3 | 0.5 | 109 | 61.6 | 490.0% |
Mozambique | 0.4 | 9.1 | 57.1 | 32.2 | 331.8% |
Burundi | 0.6 | 7.6 | 45.6 | 25.7 | 249.9% |
Zambia | 2.1 | 9.7 | 32.4 | 18.3 | 105.8% |
Somalia | 1.2 | 3.2 | 10.4 | 5.9 | 70.0% |
Democratic Republic of the Congo | 0.3 | 0.3 | 6.5 | 3.7 | 131.0% |
Tanzania | 0.4 | 0.8 | 1.8 | 3.2 | 100.0% |
Japan | N/A | N/A | 2.6 | N/A | 0% |
Others | 4.2 | 3.6 | 27.8 | 13.5 | 47.6% |
Total | 9.6 | 34.8 | 293 | 164 | 157.5% |
Top Export Markets for Steel Plaited Band from Kenya in 2022:
- Mozambique (31.6 tons)
- Uganda (28.7 tons)
- Burundi (17.8 tons)
- Zambia (9.0 tons)
- Democratic Republic of the Congo (4.8 tons)
- Somalia (3.5 tons)
- Tanzania (2.4 tons)
This report provides an in-depth analysis of the steel plaited band market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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