Kenya: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Kenya

The Kenyan metal tubular rivet market soared to $X in 2021, with an increase of 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a resilient increase. Metal tubular rivet consumption peaked in 2021 and is likely to see steady growth in the near future.

Metal Tubular Rivet Exports

Exports from Kenya

After seven years of decline, shipments abroad of base metal tubular or bifurcated rivets increased by 26% to X tons in 2021. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 81%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal tubular rivet exports reduced to $X in 2021. Over the period under review, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 26%. The exports peaked at $X in 2012; however, from 2013 to 2021, 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 metal tubular rivet exports from Kenya, together accounting for 95% of total exports. Rwanda and South Africa lagged somewhat behind, together accounting for a further 3.9%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +41.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for base metal tubular or bifurcated rivets exports from Kenya, comprising 89% of total exports. The second position in the ranking was held by South Africa ($X), with a 4.2% share of total exports. It was followed by Democratic Republic of the Congo, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uganda totaled -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+51.6% per year) and Democratic Republic of the Congo (0.0% per year).

Export Prices by Country

The average metal tubular rivet export price stood at $X per ton in 2021, reducing by -20.9% against the previous year. Overall, the export price continues to indicate a slight decrease. The growth pace was the most rapid in 2016 an increase of 43% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Tanzania ($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 (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into Kenya

In 2021, the amount of base metal tubular or bifurcated rivets imported into Kenya soared to X tons, growing by 50% on the previous year. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 70% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal tubular rivet imports rose sharply to $X in 2021. Over the period under review, imports posted a tangible expansion. The pace of growth appeared the most rapid in 2015 with an increase of 73%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal tubular rivet to Kenya, with a 61% share of total imports. Moreover, metal tubular rivet imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+0.1% per year) and India (+11.4% per year).

In value terms, the largest metal tubular rivet suppliers to Kenya were China ($X), Hong Kong SAR ($X) and India ($X), with a combined 87% share of total imports.

China, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal tubular rivet import price stood at $X per ton in 2021, reducing by -27.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 104%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood 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 Hong Kong SAR ($X per ton), while the price for Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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