Kenya: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Kenya

In 2021, the Kenyan base metal hinge market decreased by -10.8% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, saw prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Base Metal Hinge Exports

Exports from Kenya

For the third year in a row, Kenya recorded decline in overseas shipments of base metal hinges, which decreased by -84.9% to X kg in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1,042% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, base metal hinge exports shrank rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of 429%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Uganda (X kg), Democratic Republic of the Congo (X kg) and Tanzania (X kg) were the main destinations of base metal hinge exports from Kenya, with a combined 71% share of total exports. Zambia, South Sudan and Rwanda lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +21.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Zambia ($X) remains the key foreign market for base metal hinges exports from Kenya, comprising 73% of total exports. The second position in the ranking was taken by Uganda ($X), with a 13% share of total exports. It was followed by Rwanda, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia totaled +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+13.4% per year) and Rwanda (+4.6% per year).

Export Prices by Country

In 2021, the average base metal hinge export price amounted to $X per ton, with an increase of 55% against the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by 128% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Kenya

In 2021, after four years of growth, there was significant decline in supplies from abroad of base metal hinges, when their volume decreased by -12.1% to X tons. Overall, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 106% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, base metal hinge imports declined to $X in 2021. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2015 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal hinge to Kenya, with a 79% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.0% per year) and the United Arab Emirates (-44.9% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Kenya, comprising 65% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and the United Arab Emirates (-37.0% per year).

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, increasing by 2.4% against the previous year. Overall, the import price saw a noticeable expansion. The pace of growth appeared the most rapid in 2016 an increase of 75% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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