Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya - 2022

Contents:

1. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya (CIF) - 2022
2. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya (FOB) - 2022
3. Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya
4. Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya (CIF) - 2022

In December 2021, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $2,056 per ton, waning by -15.4% against the previous month. In general, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in July 2021 when the average import price increased by 351% m-o-m. The import price peaked at $3,440 per ton in January 2021; however, from February 2021 to December 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2021 to December 2021, the rate of growth in terms of prices for China amounted to -4.6% per month.

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya (FOB) - 2022

In 2022, the average export price for tubes, pipes and hollow profiles, of cast iron amounted to $1,207 per ton, with an increase of 32% against the previous year. Over the period under review, the export price showed a mild expansion. The export price peaked at $1,335 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($2,344 per ton), while the average price for exports to Democratic Republic of the Congo ($253 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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya

In 2022, supplies from abroad of tubes, pipes and hollow profiles, of cast iron decreased by -70.9% to 3.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 102% against the previous year. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron shrank remarkably to $3.5M in 2022. Overall, imports continue to indicate a sharp reduction. The smallest decline of -12.3% was in 2020.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Kenya in 2022:

1. China (2087.1 tons)
2. India (1149.4 tons)
3. Egypt (43.0 tons)
4. Turkey (0.4 tons)

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Kenya

After three years of growth, shipments abroad of tubes, pipes and hollow profiles, of cast iron decreased by -86.2% to 76 tons in 2022. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 613%. As a result, the exports attained the peak of 553 tons, and then fell sharply in the following year.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron contracted remarkably to $92K in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 715% against the previous year. As a result, the exports reached the peak of $506K, and then shrank remarkably in the following year.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Kenya in 2022:

1. Burundi (35.2 tons)
2. Democratic Republic of the Congo (26.4 tons)
3. Tanzania (13.0 tons)
4. Ghana (1.4 tons)

Source: IndexBox Market Intelligence Platform