Kenya: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Kenya

The Kenyan mill rolling roll market reduced sharply to $X in 2022, falling by -18.6% 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 recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Mill Rolling Roll Exports

Exports from Kenya

In 2022, shipments abroad of rolls for rolling mills decreased by -7.3% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 80%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, mill rolling roll exports reduced to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 100% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

India (X units), Tanzania (X units) and South Africa (X units) were the main destinations of mill rolling roll exports from Kenya, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +27.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Tanzania ($X) and South Africa ($X) constituted the largest markets for mill rolling roll exported from Kenya worldwide, together comprising 100% of total exports.

Among the main countries of destination, India, with a CAGR of +34.0%, 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

The average mill rolling roll export price stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2019 an increase of 86% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Uganda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mill Rolling Roll Imports

Imports into Kenya

In 2022, imports of rolls for rolling mills into Kenya shrank remarkably to X units, dropping by -23.1% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 56% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mill rolling roll imports dropped rapidly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 49% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest mill rolling roll supplier to Kenya, with a 68% share of total imports. Moreover, mill rolling roll imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was held by Japan (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.7% per year) and Japan (+21.1% per year).

In value terms, India ($X) constituted the largest supplier of rolls for rolling mills to Kenya, comprising 51% of total imports. The second position in the ranking was held by Japan ($X), with a 22% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.8% per year) and China (+4.8% per year).

Import Prices by Country

In 2022, the average mill rolling roll import price amounted to $X per unit, with an increase of 9.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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