Price for Nickel; Tube and Pipe Fittings in Kenya - 2021

Contents:

1. Price for Nickel; Tube and Pipe Fittings in Kenya (CIF) - 2022
2. Price for Nickel; Tube and Pipe Fittings in Kenya (FOB) - 2022
3. Imports of Nickel; Tube and Pipe Fittings in Kenya
4. Exports of Nickel; Tube and Pipe Fittings in Kenya

Price for Nickel; Tube and Pipe Fittings in Kenya (CIF) - 2022

The average import price for nickel; tube and pipe fittingses stood at $20,145 per ton in 2022, falling by -2.2% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 71%. Over the period under review, average import prices attained the peak figure at $150,831 per ton in 2012; however, from 2013 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 the United States ($231,538 per ton), while the price for China ($14,866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Nickel; Tube and Pipe Fittings in Kenya (FOB) - 2022

In 2022, the average export price for nickel; tube and pipe fittingses amounted to $8,300 per ton, falling by -48.1% against the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2015 when the average export price increased by 31%. The export price peaked at $84,364 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to -10.2% per year.

Imports of Nickel; Tube and Pipe Fittings in Kenya

In 2022, approx. 1.6 tons of nickel; tube and pipe fittingses were imported into Kenya; increasing by 74% on the previous year. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 296%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nickel; tube and pipe fittings imports soared to $33K in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 235%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Nickel; Tube and Pipe Fittings to Kenya in 2022:

1. China (1583.0 kg)
2. United States (39.0 kg)

Exports of Nickel; Tube and Pipe Fittings in Kenya

In 2022, the amount of nickel; tube and pipe fittingses exported from Kenya soared to 10 kg, increasing by 233% compared with 2021 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel; tube and pipe fittings exports surged to $83 in 2022. Overall, exports, however, saw a deep reduction.

Top Export Markets for Nickel; Tube and Pipe Fittings from Kenya in 2022:

1. Rwanda (10.0 kg)

Source: IndexBox Market Intelligence Platform