Kenya: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Kenya

The Kenyan market for iron, steel or aluminium reservoirs, tanks, vats and similar containers contracted sharply to $X in 2020, waning by -X% 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). Over the period under review, consumption saw a abrupt slump. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Kenya

Iron, steel or aluminium reservoir exports from Kenya skyrocketed to X tons in 2020, with an increase of X% against the previous year's figure. Over the period under review, exports saw strong growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports attained the peak of X tons. from 2015 to 2020, the growth exports failed to regain the momentum.

In value terms, iron, steel or aluminium reservoir exports soared to $X in 2020. Overall, exports continue to indicate a resilient expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uganda (X tons), Rwanda (X tons) and Sudan (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Kenya, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan, while exports for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X), the United Arab Emirates ($X) and Sudan ($X) were the largest markets for iron, steel or aluminium reservoir exported from Kenya worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Sudan recorded 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

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, picking up by X% against the previous year. In general, the export price posted strong growth. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2020 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Kenya

For the third consecutive year, Kenya recorded decline in supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, which decreased by -X% to X tons in 2020. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank rapidly to $X in 2020. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Thailand (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Kenya, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Thailand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (-X% per year).

In value terms, Thailand ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Kenya, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Thailand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and China (+X% per year).

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Africa ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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