Kenya: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Kenya

The Kenyan iron or steel leaf-spring market shrank to $X in 2022, dropping by -6.8% against the previous year. In general, consumption showed a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Kenya

In value terms, iron or steel leaf-spring production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 11% against the previous year. Iron or steel leaf-spring production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Kenya

In 2022, approx. X tons of iron or steel leaf-springs and leaves were exported from Kenya; picking up by 9.7% on the previous year's figure. Overall, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2015 with an increase of 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, iron or steel leaf-spring exports contracted to $X in 2022. In general, exports recorded a mild expansion. The pace of growth was the most pronounced in 2018 with an increase of 66%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Uganda (X tons), Burundi (X tons) and Tanzania (X tons) were the main destinations of iron or steel leaf-spring exports from Kenya, together comprising 93% of total exports. Zambia, Democratic Republic of the Congo and Rwanda lagged somewhat behind, together accounting for a further 5.8%.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +34.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Kenya, comprising 64% of total exports. The second position in the ranking was held by Tanzania ($X), with a 23% share of total exports. It was followed by Zambia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-4.9% per year) and Zambia (+28.5% per year).

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, reducing by -13.9% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Burundi ($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 (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Kenya

After four years of growth, overseas purchases of iron or steel leaf-springs and leaves decreased by -21.2% to X tons in 2022. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, iron or steel leaf-spring imports fell sharply to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 103%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

Tanzania (X tons), China (X tons) and Thailand (X tons) were the main suppliers of iron or steel leaf-spring imports to Kenya, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring suppliers to Kenya were Tanzania ($X), Thailand ($X) and China ($X), together comprising 89% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +41.0%, recorded 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 iron or steel leaf-spring import price stood at $X per ton in 2022, dropping by -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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