Price for Steel Alloy Wire of Silico-Manganese Steel in Kenya - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Kenya (CIF) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in Kenya
Price for Steel Alloy Wire of Silico-Manganese Steel in Kenya (CIF) - 2022
The average import price for steel alloy wire of silico-manganese steels stood at $824 per ton in 2022, dropping by -55.8% against the previous year. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2021 when the average import price increased by 81%. The import price peaked at $4,671 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 United Arab Emirates ($5,370 per ton), while the price for China ($446 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.2%), while the prices for the other major suppliers experienced a decline.
Imports of Steel Alloy Wire of Silico-Manganese Steel in Kenya
In 2022, purchases abroad of steel alloy wire of silico-manganese steels decreased by -61% to 27 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of 81 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel alloy wire of silico-manganese steels fell dramatically to $22K in 2022. In general, imports faced a sharp descent. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of $130K, and then fell sharply in the following year.
| Import of Steel Alloy Wire of Silico-Manganese Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 68.6 | 46.6 | 67.3 | 13.7 | -41.5% |
| China | 2.5 | 28.9 | 45.3 | 4.4 | 20.7% |
| Czech Republic | 2.1 | 2.4 | 14.2 | 3.3 | 16.3% |
| India | 0.2 | 1.0 | 1.4 | 0.6 | 44.2% |
| United Arab Emirates | 2.3 | 2.6 | 1.9 | 0.3 | -49.3% |
| Others | 0.1 | 1.8 | N/A | N/A | 1700.0% |
| Total | 75.7 | 83.3 | 130 | 22.4 | -33.4% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to Kenya in 2022:
- Turkey (13.3 tons)
- China (9.9 tons)
- Czech Republic (3.2 tons)
- India (0.7 tons)
- United Arab Emirates (0.1 tons)
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