Kenya: Lead Market 2024

Lead Market Size in Kenya

In 2022, the Kenyan lead market decreased by -15.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a strong expansion. Lead consumption peaked at $X in 2021, and then declined rapidly in the following year.

Lead Production in Kenya

In value terms, lead production fell modestly to $X in 2022 estimated in export price. Overall, production saw a slight setback. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Lead Exports

Exports from Kenya

Lead exports from Kenya surged to X tons in 2022, rising by 322% compared with the previous year. In general, exports, however, showed a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lead exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for lead exports from Kenya, accounting for a 68% share of total exports. Moreover, lead exports to India exceeded the volume sent to the second major destination, China (X tons), fourfold. Tanzania (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.7% per year) and Tanzania (-12.2% per year).

In value terms, India ($X) remains the key foreign market for lead exports from Kenya, comprising 77% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by Tanzania, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.6% per year) and Tanzania (-14.2% per year).

Export Prices by Country

In 2022, the average lead export price amounted to $X per ton, shrinking by -13.4% against the previous year. In general, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Belgium ($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 the United Arab Emirates (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Lead Imports

Imports into Kenya

In 2022, purchases abroad of lead decreased by -8.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a pronounced increase. The growth pace was the most rapid in 2020 when imports increased by 159% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, lead imports reduced to $X in 2022. In general, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 188% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

The Dominican Republic (X tons), the Netherlands (X tons) and Thailand (X tons) were the main suppliers of lead imports to Kenya, with a combined 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X) constituted the largest supplier of lead to Kenya, comprising 54% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by Thailand, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from the Dominican Republic totaled +47.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.6% per year) and Thailand (+1.2% per year).

Import Prices by Country

In 2022, the average lead import price amounted to $X per ton, shrinking by -3.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the Dominican Republic ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :