Report Update Jan 1, 2025

Kenya - Wire Rod of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Market for Wire Rod Of Free-Cutting Steel 2025

Market Size for Wire Rod Of Free-Cutting Steel in Kenya

In 2022, the Kenyan free-cutting steel wire rod market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Exports of Wire Rod Of Free-Cutting Steel

Exports from Kenya

After two years of decline, overseas shipments of wire rod of free-cutting steel increased by X% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, free-cutting steel wire rod exports shrank slightly to $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) was the main destination for free-cutting steel wire rod exports from Kenya, with a X% share of total exports. It was followed by Tanzania (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda stood at X%.

In value terms, Rwanda ($X) remains the key foreign market for wire rod of free-cutting steel exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda totaled X%.

Export Prices by Country

The average free-cutting steel wire rod export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Rwanda amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%).

Imports of Wire Rod Of Free-Cutting Steel

Imports into Kenya

After five years of growth, supplies from abroad of wire rod of free-cutting steel decreased by X% to X tons in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, free-cutting steel wire rod imports contracted to $X in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest free-cutting steel wire rod supplier to Kenya, with a X% share of total imports. Moreover, free-cutting steel wire rod imports from India exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and the United Arab Emirates (X% per year).

In value terms, India ($X) constituted the largest supplier of wire rod of free-cutting steel to Kenya, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average free-cutting steel wire rod import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wire rod of free-cutting steel in the world?

The countries with the highest volumes of in 2021 were Italy, Spain and the UK, with a combined 47% share of global consumption. These countries were followed by the Dominican Republic, Turkey, the United States, Canada, Japan, Taiwan Chinese), China, South Korea, Mauritius and Poland, which together accounted for a further 33%.

What are the largest producers of wire rod of free-cutting steel in the world?

The countries with the highest volumes of in 2021 were Spain, the UK and Switzerland, together comprising 60% of global production.

What are the leading suppliers of wire rod of free-cutting steel to Kenya?

In value terms, India constituted the largest supplier of free-cutting steel wire rod to Kenya, comprising 97% of total imports. The second position in the ranking was occupied by China, with a 2.7% share of total imports.

What are the leading importers of wire rod of free-cutting steel from Kenya?

In value terms, Rwanda remains the key foreign market for free-cutting steel wire rod exports from Kenya, comprising 99% of total exports. The second position in the ranking was occupied by Tanzania $8), with a 0% share of total exports.

What is the average export price for wire rod of free-cutting steel in Kenya?

In 2021, the average free-cutting steel wire rod export price amounted to $679 per ton, growing by 3.1% against the previous year.

What is the average import price for wire rod of free-cutting steel in Kenya?

The average free-cutting steel wire rod import price stood at $654 per ton in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the market for free-cutting steel wire rod in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106120 - Wire rod of free-cutting steel

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024