Price for Zinc; Bars, Rods, Profiles and Wire in Kenya - 2022
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in Kenya (CIF) - 2022
- Price for Zinc; Bars, Rods, Profiles and Wire in Kenya (FOB) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in Kenya
- Exports of Zinc; Bars, Rods, Profiles and Wire in Kenya
Price for Zinc; Bars, Rods, Profiles and Wire in Kenya (CIF) - 2022
The average import price for zinc; bars, rods, profiles and wires stood at $3,653 per ton in 2022, jumping by 21% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 404%. As a result, import price reached the peak level of $6,401 per ton. From 2014 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 South Africa ($11,331 per ton), while the price for China ($1,429 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 (+23.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Zinc; Bars, Rods, Profiles and Wire in Kenya (FOB) - 2022
In 2022, the average export price for zinc; bars, rods, profiles and wires amounted to $2,901 per ton, with a decrease of -41.4% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 81% against the previous year. The export price peaked at $4,947 per ton in 2021, and then dropped markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +7.6% per year.
Imports of Zinc; Bars, Rods, Profiles and Wire in Kenya
In 2022, supplies from abroad of zinc; bars, rods, profiles and wires decreased by -87.7% to 30 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 321%.
In value terms, imports of zinc; bars, rods, profiles and wires contracted dramatically to $109K in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 258%.
| Import of Zinc; Bars, Rods, Profiles and Wire in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 40.2 | 179 | 586 | 86.6 | 29.2% |
| South Africa | 0.7 | 5.1 | 27.8 | 11.3 | 152.7% |
| United Kingdom | 0.5 | 1.9 | 4.7 | 6.6 | 136.3% |
| South Korea | N/A | N/A | 0.4 | 2.4 | 500.0% |
| China | 66.6 | 38.3 | 84.5 | 2.2 | -67.9% |
| Finland | N/A | 202 | N/A | N/A | 0% |
| Others | 11.1 | 0.6 | 30.6 | 0.1 | -79.2% |
| Total | 119 | 427 | 734 | 109 | -2.9% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to Kenya in 2022:
- India (25.5 tons)
- China (1.5 tons)
- South Africa (1.0 tons)
- United Kingdom (1.0 tons)
- South Korea (0.8 tons)
Exports of Zinc; Bars, Rods, Profiles and Wire in Kenya
For the fourth year in a row, Kenya recorded growth in shipments abroad of zinc; bars, rods, profiles and wires, which increased by 191% to 332 kg in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of zinc; bars, rods, profiles and wires skyrocketed to $963 in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Zinc; Bars, Rods, Profiles and Wire in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 312 | 431 | 561 | 963 | 45.6% |
| Others | 18.0 | N/A | 3.0 | N/A | -59.2% |
| Total | 330 | 431 | 564 | 963 | 42.9% |
Top Export Markets for Zinc; Bars, Rods, Profiles and Wire from Kenya in 2022:
- Tanzania (332.0 kg)
1213
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