Kenya: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Kenya

The Kenyan market for railway or tramway track construction material of iron or steel was estimated at $X in 2021, with an increase of 2.9% against the previous year. Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Kenya

In value terms, production of railway or tramway track construction material of iron or steel amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 112%. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Kenya

In 2021, after two years of decline, there was significant growth in shipments abroad of railway or tramway track construction material of iron or steel, when their volume increased by 24% to X tons. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 555%. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel dropped slightly to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 620% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Kenya, accounting for a 50% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Rwanda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), fourfold. The third position in this ranking was held by Tanzania (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Rwanda stood at +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-16.5% per year) and Tanzania (+3.7% per year).

In value terms, Rwanda ($X), Democratic Republic of the Congo ($X) and Mozambique ($X) constituted the largest markets for iron and steel railway construction materials exported from Kenya worldwide, with a combined 78% share of total exports.

Among the main countries of destination, Rwanda, with a CAGR of +20.8%, recorded the highest growth rate of 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

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, falling by -19.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 55% 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 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Kenya

In 2021, purchases abroad of railway or tramway track construction material of iron or steel increased by 1,860% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, showed a pronounced setback. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced decrease. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons) and India (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Kenya.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +6.9%).

In value terms, China ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Kenya, comprising 63% of total imports. The second position in the ranking was held by India ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -1.6%.

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, with a decrease of -3.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%).

Source: IndexBox Platform

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