Price for Asbestos, Other than Crocidolite in Kenya - 2022

Price for Asbestos, Other than Crocidolite in Kenya (CIF) - 2022

The average asbestos, other than crocidolite import price stood at $1,667 per ton in 2022, picking up by 27% against the previous year. Overall, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 90% against the previous year. Over the period under review, average import prices reached the maximum at $1,885 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +97.8% per year.

Price for Asbestos, Other than Crocidolite in Kenya (FOB) - 2022

In 2022, the average asbestos, other than crocidolite export price amounted to $600 per ton, reducing by -10% against the previous year. Overall, the export price showed a abrupt contraction. Over the period under review, the average export prices hit record highs at $3,684 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($1,000 per ton), while the average price for exports to Rwanda totaled $500 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+0.4%).

Imports of Asbestos, Other than Crocidolite in Kenya

In 2022, purchases abroad of asbestos, other than crocidolites decreased by -99.5% to 3 kg, falling for the second consecutive year after two years of growth. Overall, imports showed a significant curtailment. The growth pace was the most rapid in 2020 when imports increased by 95%. As a result, imports attained the peak of 1.3 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, asbestos, other than crocidolite imports dropped notably to $5 in 2022. In general, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 98%. As a result, imports reached the peak of $1.6K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Asbestos, Other than Crocidolite in Kenya (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.0	56.0	25.0	5.0	-10.6%
Canada	785	1,437	740	N/A	-2.9%
Others	12.0	95.0	18.0	N/A	22.5%
Total	804	1,588	783	5.0	-81.6%

Top Suppliers of Asbestos, Other than Crocidolite to Kenya in 2022:

China (3.0 kg)

Exports of Asbestos, Other than Crocidolite in Kenya

In 2022, approx. 5 kg of asbestos, other than crocidolites were exported from Kenya; declining by -44.4% on 2021. In general, exports showed a precipitous descent.

In value terms, asbestos, other than crocidolite exports reduced sharply to $3 in 2022. Over the period under review, exports recorded a dramatic decline.