Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya - 2022
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $26,876 per ton, with a decrease of -55.6% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 273% against the previous year. Over the period under review, average import prices attained the peak figure at $60,587 per ton in 2021, and then shrank sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($65,607 per ton), while the price for China ($6,490 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+69.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $586 per ton in 2022, falling by -95% against the previous year. In general, the export price saw a precipitous curtailment. The most prominent rate of growth was recorded in 2014 an increase of 148% against the previous year. As a result, the export price reached the peak level of $82,535 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Sudan.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.1% per year.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya
In 2022, approx. 606 kg of articles of precious metal or of metal clad with precious metal were imported into Kenya; with an increase of 120% on the previous year. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of precious metal or of metal clad with precious metal declined slightly to $16K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 133%. As a result, imports attained the peak of $17K, and then reduced modestly in the following year.
Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | N/A | N/A | N/A | 7.0 | 0% |
South Africa | 0.6 | N/A | 0.7 | 6.0 | 115.4% |
China | 0.6 | 0.6 | 0.7 | 2.2 | 54.2% |
Italy | N/A | N/A | N/A | 0.9 | 0% |
United Arab Emirates | N/A | N/A | 5.4 | N/A | 0% |
Australia | 0.5 | 0.7 | 1.5 | N/A | 73.2% |
Others | 3.6 | 5.8 | 8.4 | 0.2 | -61.8% |
Total | 5.2 | 7.2 | 16.7 | 16.3 | 46.4% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Kenya in 2022:
- China (339.0 kg)
- South Africa (128.0 kg)
- France (107.0 kg)
- Italy (30.0 kg)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya
In 2022, overseas shipments of articles of precious metal or of metal clad with precious metal were finally on the rise to reach 181 kg after two years of decline. In general, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of precious metal or of metal clad with precious metal expanded markedly to $106 in 2022. Overall, exports, however, continue to indicate a dramatic decrease.
Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Kenya (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Sudan | N/A | N/A | 1.0 | 102 | 10100.0% |
Uganda | 83.0 | 64.0 | 1.0 | N/A | -89.0% |
Rwanda | 114 | 131 | 1.0 | N/A | -90.6% |
United States | 4,222 | 3,783 | 66.0 | N/A | -87.5% |
Others | 12.0 | 9.0 | 25.0 | 4.0 | -30.7% |
Total | 4,431 | 3,987 | 94.0 | 106 | -71.2% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Kenya in 2022:
- South Sudan (180.0 kg)
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