Kenya: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Kenya

The Kenyan metal spring washer market fell rapidly to $X in 2022, reducing by -15% 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). In general, consumption, however, saw perceptible growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Metal Spring Washer Exports

Exports from Kenya

In 2022, shipments abroad of iron or steel spring washers was finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 887% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 919%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg), Rwanda (X kg) and Uganda (X kg) were the main destinations of metal spring washer exports from Kenya, together accounting for 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +16.8%), while the other leaders experienced mixed trend patterns.

In value terms, Rwanda ($X) emerged as the key foreign market for iron or steel spring washers exports from Kenya, comprising 43% of total exports. The second position in the ranking was held by Uganda ($X), with a 19% share of total exports. It was followed by Democratic Republic of the Congo, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-0.1% per year) and Democratic Republic of the Congo (+5.7% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, which is down by -14% against the previous year. In general, the export price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 105% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Spring Washer Imports

Imports into Kenya

In 2022, approx. X tons of iron or steel spring washers were imported into Kenya; which is down by -16% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 84% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal spring washer imports fell to $X in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 69%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal spring washer to Kenya, accounting for a 80% share of total imports. Moreover, metal spring washer imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.4% per year) and Germany (-3.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel spring washers to Kenya, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and India (+7.2% per year).

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, surging by 1.8% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer import price increased by +32.1% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 60% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :