Kenya: Steel Spring Market 2025

Steel Spring Market Size in Kenya

The Kenyan steel spring market soared to $X in 2021, picking up by 16% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.1% against 2019 indices. Steel spring consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Steel Spring Production in Kenya

In value terms, steel spring production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.8% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 68% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Steel Spring Exports

Exports from Kenya

In 2021, exports of steel springs and leaves for springs from Kenya rose rapidly to X tons, growing by 8.8% on the previous year. Overall, exports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2015 with an increase of 42%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, steel spring exports surged to $X in 2021. Over the period under review, exports posted a moderate increase. The growth pace was the most rapid in 2018 with an increase of 50% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Burundi (X tons) were the main destinations of steel spring exports from Kenya, with a combined 90% share of total exports. Zambia, Democratic Republic of the Congo and Rwanda lagged somewhat behind, together comprising a further 8.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +42.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel spring exported from Kenya were Tanzania ($X), Uganda ($X) and Zambia ($X), with a combined 94% share of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of +31.1%, 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 steel spring export price amounted to $X per ton, picking up by 16% against the previous year. In general, the export price, however, recorded a slight slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Burundi ($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 Rwanda (+5.0%), while the prices for the other major destinations experienced a decline.

Steel Spring Imports

Imports into Kenya

In 2021, supplies from abroad of steel springs and leaves for springs increased by 48% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel spring imports surged to $X in 2021. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Tanzania (X tons), China (X tons) and Japan (X tons) were the main suppliers of steel spring imports to Kenya, with a combined 73% share of total imports. India, Thailand, South Africa, Australia and Turkey lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +37.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and Tanzania ($X) were the largest steel spring suppliers to Kenya, together accounting for 53% of total imports.

Thailand, with a CAGR of +48.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steel spring import price stood at $X per ton in 2021, with an increase of 2.9% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, steel spring import price decreased by -27.6% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 62%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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