Kenya: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in Kenya

In 2022, the Kenyan market for carbon electrodes not for furnaces increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Carbon Electrodes Not For Furnaces

Exports from Kenya

In 2022, approx. X kg of carbon electrodes not for furnaces were exported from Kenya; rising by X% compared with the year before. Over the period under review, exports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode not for furnaces exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X kg) was the main destination for carbon electrode not for furnaces exports from Kenya, accounting for a X% share of total exports. Moreover, carbon electrode not for furnaces exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Somalia (X% per year).

In value terms, Rwanda ($X), Uganda ($X) and Somalia ($X) were the largest markets for carbon electrode not for furnaces exported from Kenya worldwide, with a combined X% share of total exports.

Among the main countries of destination, Uganda, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for carbon electrodes not for furnaces stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price posted perceptible growth. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Somalia ($X 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 Rwanda (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Carbon Electrodes Not For Furnaces

Imports into Kenya

After three years of decline, supplies from abroad of carbon electrodes not for furnaces increased by X% to X tons in 2022. Overall, imports continue to indicate modest growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, carbon electrode not for furnaces imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbon electrode not for furnaces to Kenya, with a X% share of total imports. Moreover, carbon electrode not for furnaces imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), eightfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of carbon electrodes not for furnaces to Kenya, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and France (X% per year).

Import Prices by Country

The average import price for carbon electrodes not for furnaces stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and China ($X per ton), while the price for Canada ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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