Kenya: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Kenya

The Kenyan market for copper bars, rods and profiles contracted dramatically to $X in 2022, falling by -17.5% 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). Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Kenya

In 2022, approx. X tons of copper bars, rods and profiles were exported from Kenya; declining by -18.6% compared with the previous year's figure. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 558%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports declined rapidly to $X in 2022. Over the period under review, exports showed a sharp reduction. The growth pace was the most rapid in 2017 when exports increased by 774% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for copper bar, rod and profile exports from Kenya, accounting for a 96% share of total exports. Moreover, copper bar, rod and profile exports to Tanzania exceeded the volume sent to the second major destination, Rwanda (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at -12.7%.

In value terms, Tanzania ($X) emerged as the key foreign market for copper bars, rods and profiles exports from Kenya, comprising 94% of total exports. The second position in the ranking was held by Rwanda ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania totaled -13.1%.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, waning by -22.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 162%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Tanzania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Copper Bars, Rods and Profiles

Imports into Kenya

In 2022, imports of copper bars, rods and profiles into Kenya fell remarkably to X tons, shrinking by -20.1% compared with the year before. In general, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 337% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, copper bar, rod and profile imports fell significantly to $X in 2022. Over the period under review, imports, however, showed a pronounced expansion. The growth pace was the most rapid in 2015 with an increase of 303% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest supplier of copper bar, rod and profile to Kenya, accounting for a 66% share of total imports. Moreover, copper bar, rod and profile imports from Tanzania exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tanzania amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.4% per year) and China (+20.7% per year).

In value terms, Tanzania ($X) constituted the largest supplier of copper bars, rods and profiles to Kenya, comprising 63% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by China, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Tanzania stood at -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.7% per year) and China (+18.1% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 50% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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