Kenya: Hot-Dipped Metal-Coated Sheet Market 2024

Hot-Dipped Metal-Coated Sheet Market Size in Kenya

After three years of decline, the Kenyan hot-dipped metal-coated sheet market increased by 19% to $X in 2021. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.3% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Production in Kenya

In value terms, hot-dipped metal-coated sheet production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Hot-Dipped Metal-Coated Sheet Exports

Exports from Kenya

Hot-dipped metal-coated sheet exports from Kenya skyrocketed to X tons in 2021, picking up by 24% compared with 2020 figures. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 132% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports surged to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 112% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Uganda (X tons), Democratic Republic of the Congo (X tons) and Tanzania (X tons) were the main destinations of hot-dipped metal-coated sheet exports from Kenya, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X), Democratic Republic of the Congo ($X) and Tanzania ($X) appeared to be the largest markets for hot-dipped metal-coated sheet exported from Kenya worldwide, with a combined 76% share of total exports.

Uganda, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hot-dipped metal-coated sheet export price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malawi ($X per ton), while the average price for exports to Pakistan ($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 South Sudan (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into Kenya

For the fourth year in a row, Kenya recorded growth in purchases abroad of hot-dipped metal-coated sheet, which increased by 31% to X tons in 2021. In general, imports saw pronounced growth. The pace of growth was the most pronounced in 2014 when imports increased by 199% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, hot-dipped metal-coated sheet imports skyrocketed to $X in 2021. Overall, imports saw a perceptible increase. The pace of growth was the most pronounced in 2014 with an increase of 216% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), South Korea (X tons) and Egypt (X tons) were the main suppliers of hot-dipped metal-coated sheet imports to Kenya, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Egypt ($X) were the largest hot-dipped metal-coated sheet suppliers to Kenya, with a combined 79% share of total imports.

Among the main suppliers, China, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-dipped metal-coated sheet import price stood at $X per ton in 2021, surging by 22% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Tanzania ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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