Kenya: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Kenya

The Kenyan ferro-cerium and pyrophoric alloys market amounted to $X in 2021, increasing by 1.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Kenya

In value terms, ferro-cerium and pyrophoric alloys production declined modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Kenya

Ferro-cerium and pyrophoric alloys exports from Kenya soared to X tons in 2021, rising by 201% on the previous year. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 2,752% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 1,514%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Somalia (X kg), Rwanda (X kg) and Burundi (X kg) were the main destinations of ferro-cerium and pyrophoric alloys exports from Kenya, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Somalia (with a CAGR of +277.5%), while shipments for the other leaders experienced a decline.

In value terms, Burundi ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from Kenya, comprising 59% of total exports. The second position in the ranking was taken by Rwanda ($X), with an 18% share of total exports. It was followed by Uganda, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Burundi amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-17.5% per year) and Uganda (-7.8% per year).

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, which is down by -15.9% against the previous year. Over the period under review, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of 163%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Somalia ($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 Burundi (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Kenya

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys decreased by -14.1% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 100%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports rose remarkably to $X in 2021. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 92% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Tanzania (X tons), Israel (X tons) and South Africa (X kg) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Kenya, with a combined 82% share of total imports. These countries were followed by the United States, China, the United Arab Emirates, India and South Korea, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Kenya, comprising 91% of total imports. The second position in the ranking was held by Tanzania ($X), with a 2.3% share of total imports. It was followed by South Africa, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Israel amounted to -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-23.9% per year) and South Africa (-13.3% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, picking up by 24% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price increased by +90.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 54%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Israel ($X per ton), while the price for the United States ($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 (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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