Kenya: Market for Iron and Steel Wire 2025

Market Size for Iron and Steel Wire in Kenya

In 2021, the Kenyan iron and steel wire market decreased by -17% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a notable increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Exports of Iron and Steel Wire

Exports from Kenya

In 2021, the amount of iron and steel wire exported from Kenya skyrocketed to X tons, with an increase of 183% compared with the previous year's figure. Over the period under review, exports posted a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel wire exports soared to $X in 2021. In general, exports, however, showed a abrupt downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Rwanda (X tons) and Uganda (X tons) were the main destinations of iron and steel wire exports from Kenya, with a combined 88% share of total exports. These countries were followed by South Sudan, Democratic Republic of the Congo and Burundi, which together accounted for a further 13%.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Sudan (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Rwanda ($X) and Uganda ($X) constituted the largest markets for iron and steel wire exported from Kenya worldwide, together accounting for 88% of total exports. South Sudan, Democratic Republic of the Congo and Burundi lagged somewhat behind, together accounting for a further 11%.

In terms of the main countries of destination, South Sudan, with a CAGR of +52.8%, saw the highest rates of growth with regard to the value of exports, 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 iron and steel wire export price amounted to $X per ton, rising by 22% against the previous year. Overall, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Tanzania ($X per ton) and Uganda ($X per ton), while the average price for exports to South Sudan ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Iron and Steel Wire

Imports into Kenya

In 2021, purchases abroad of iron and steel wire decreased by -18.7% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron and steel wire imports reduced to $X in 2021. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in 2019 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest iron and steel wire supplier to Kenya, accounting for a 54% share of total imports. Moreover, iron and steel wire imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was taken by Uganda (X tons), with a 12% share.

From 2013 to 2021, the average annual growth rate of volume from China totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+28.9% per year) and Uganda (+17.8% per year).

In value terms, China ($X), Egypt ($X) and Uganda ($X) were the largest iron and steel wire suppliers to Kenya, with a combined 84% share of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +29.6%, 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

In 2021, the average iron and steel wire import price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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