Kenya: Market for Zinc Ores And Concentrates 2024

Market Size for Zinc Ores And Concentrates in Kenya

In 2021, the Kenyan zinc ores and concentrates market increased by 225% to $X, rising for the second consecutive year after five years of decline. Overall, consumption continues to indicate slight growth. Zinc ores and concentrates consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Zinc Ores And Concentrates

Exports from Kenya

In 2021, shipments abroad of zinc ores and concentrates increased by 27% to X kg, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 148%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, zinc ores and concentrates exports skyrocketed to $X in 2021. In general, exports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 1,035%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for zinc ores and concentrates exports from Kenya, accounting for a 97% share of total exports. It was followed by Uganda (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for zinc ores and concentrates exports from Kenya, comprising 100% of total exports. The second position in the ranking was taken by Uganda ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

In 2021, the average zinc ores and concentrates export price amounted to $X per ton, which is down by -6% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 437% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Uganda ($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 (+0.8%).

Imports of Zinc Ores And Concentrates

Imports into Kenya

In 2021, supplies from abroad of zinc ores and concentrates increased by 193% to X tons, rising for the second year in a row after six years of decline. Overall, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 1,358% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, zinc ores and concentrates imports surged to $X in 2021. In general, imports recorded noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,420%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main zinc ores and concentrates supplier to Kenya, with a 93% share of total imports. Moreover, zinc ores and concentrates imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The UK (X kg) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+44.5% per year) and the UK (-29.5% per year).

In value terms, China ($X) constituted the largest supplier of zinc ores and concentrates to Kenya, comprising 75% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by the UK, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.0% per year) and the UK (-23.1% per year).

Import Prices by Country

In 2021, the average zinc ores and concentrates import price amounted to $X per ton, growing by 14% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, zinc ores and concentrates import price increased by +129.0% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 57% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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