Report Update Nov 1, 2024

Kenya - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Iron Ore Market 2021

Iron Ore Market Size in Kenya

In 2019, the Kenyan iron ore market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Iron ore consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Iron Ore Production in Kenya

In value terms, iron ore production surged to $X in 2019 estimated in export prices. In general, production continues to indicate significant growth. Iron ore production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Iron Ore Exports

Exports from Kenya

In 2019, overseas shipments of iron ores increased by X% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, iron ore exports surged to $X in 2019. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Tanzania (X tons) were the main destinations of iron ore exports from Kenya, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Hong Kong SAR (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron ore exported from Kenya were China ($X), Hong Kong SAR ($X) and Tanzania ($X), with a combined X% share of total exports.

Hong Kong SAR (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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

The average iron ore export price stood at $X per ton in 2019, shrinking by -X% against the previous year. In general, the export price recorded a slight reduction. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Iron Ore Imports

Imports into Kenya

In 2019, supplies from abroad of iron ores decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, iron ore imports contracted to $X in 2019. In general, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, India (X tons) constituted the largest supplier of iron ore to Kenya, accounting for a X% share of total imports. Moreover, iron ore imports from India exceeded the figures recorded by the second-largest supplier, Uganda (X tons), fivefold.

From 2007 to 2019, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of iron ore to Kenya, comprising X% of total imports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from India totaled -X%.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, rising by X% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The import price peaked at $X per ton in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Uganda ($X per ton), while the price for India amounted to $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Uganda.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores in the world?

The country with the largest volume of iron ore consumption was China, accounting for 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. The third position in this ranking was occupied by Australia, with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, with a combined 70% share of global production.

What are the leading suppliers of iron ores to Kenya?

In value terms, India constituted the largest supplier of iron ore to Kenya, comprising 46% of total imports. The second position in the ranking was occupied by Uganda, with a 11% share of total imports.

What are the leading importers of iron ores from Kenya?

In value terms, China, Hong Kong SAR and Tanzania appeared to be the largest markets for iron ore exported from Kenya worldwide, together comprising 100% of total exports.

What is the average export price for iron ores in Kenya?

The average iron ore export price stood at $49 per ton in 2019, declining by -5% against the previous year.

What is the average import price for iron ores in Kenya?

The average iron ore import price stood at $42 per ton in 2019, surging by 5.4% against the previous year.

This report provides an in-depth analysis of the iron ore market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023