Iron and Steel Import of Kenya in 2023
The iron and steel import industry of Kenya has been experiencing some significant growth during the present days because of the growing domestic necessities. The increasing infrastructure developments and the rapid urbanization of the central areas have been recording a pivotal growth of the globally growing economy. The latest projections regarding the industry experts of Kenya have reported that the industrialization program aimed at fueling economic growth is working as a backbone to the entire revenue system of the nation. Political stability and pricing strategies are the key sources for the gradual increase in the facilitation of the overall import value.
The total import trade value of iron and steel import in Kenya has recorded a staggering rate of 2.1 billion US dollars in 2023 expected to reach severe heights in the upcoming days with an annual revenue increasing rate of 4.7% per year. Import Globals with its Kenya Trade Data highlights all the valuable trade insights of the country’s categorized information regarding severe globally leading imports for helping the business holders expand their business worldwide.
TOP 10 IRONS AND STEEL IMPORT OF KENYA IN 2023
According to the Kenya Import Data, the top 10 irons and steel imports of Turkey in 2023 are,
1. Hot-rolled sheets and coils – Import trade value of Hot-rolled sheets and coils imports in Kenya 2023 – 1.1 billion US dollars.
2. Cold-rolled sheets – Import trade value of Cold-rolled sheets imports in Kenya 2023 – 565 million US dollars.
3. Reinforcing bars – Import trade value of Reinforcing bars imports in Kenya 2023 – 476 million US dollars.
4. Carbon steel pipes – Import trade value of Carbon steel pipes imports in Kenya 2023 –387 million US dollars.
5. Wire rods – Import trade value of Wire rods imports in Kenya 2023 – 245 million US dollars.
6. Stainless steel tubes/pipe– Import trade value of Stainless steel tubes/pipe imports in Kenya 2023 – 221 million US dollars.
7. Semi-finished iron or non-alloy steel products – Import trade value of Semi-finished iron or non-alloy steel products imports in Kenya 2023 – 187 million US dollars.
8. Flat-rolled products of stainless steel – Import trade value of Flat-rolled products of stainless steel imports in Kenya 2023 – 114 million US dollars.
9. Iron or non-alloy steel bars and rods – Import trade value of Iron or non-alloy steel bars and rods imports in Kenya 2023 – 108 million US dollars.
10. Coated flat-rolled iron – Import trade value of Coated flat-rolled iron imports in Kenya 2023 – 102 million US dollars.
TOP 10 IRONS AND STEEL IMPORTING COMPANIES OF KENYA IN 2023
As per the Kenya Export Data, the top 10 irons and steel importing companies of Kenya in 2023 are,
• Mabati Rolling Mills Limited – Total Import trade value of iron and steel from Mabati Rolling Mills Limited of Kenya in 2023 – 987 million US dollars.
• Tononoka Group – Total Import trade value of iron and steel from Tononoka Group of Kenya in 2023 – 745 million US dollars.
• Devki Steel Mills Ltd. – Total Import trade value of iron and steel from Devki Steel Mills Ltd. of Kenya in 2023 – 654 million US dollars.
• Apex Steel Limited – Total Import trade value of iron and steel from Apex Steel Limited of Kenya in 2023 – 524 million US dollars.
• Tuffsteel Ltd. – Total Import trade value of iron and steel from Tuffsteel Ltd. of Kenya in 2023 – 487 million US dollars.
• Brollo Kenya Ltd. – Total Import trade value of iron and steel from Brollo Kenya Ltd. of Kenya in 2023 – 423 million US dollars.
• Steelmakers Ltd. – Total Import trade value of iron and steel from Steelmakers Ltd. of Kenya in 2023 – 345 million US dollars.
• East African Roofing Systems– Total Import trade value of iron and steel from East African Roofing Systems of Kenya in 2023 – 322 million US dollars.
• Apex Steel Limited– Total Import trade value of iron and steel from Apex Steel Limited of Kenya in 2023 – 276 million US dollars.
• Tononoka Group (Mombasa) – Total Import trade value of iron and steel from Tononoka Group (Mombasa) of Kenya in 2023 – 224 million US dollars.
TOP 10 IRONS AND STEEL IMPORT TRADE PARTNERS OF KENYA IN 2023
The Kenya Customs Data enlists the below-mentioned as the top 10 irons and steel import trade partners of Kenya in 2023,
• China – Annual valuation of iron and steel imports in Kenya from China in 2023 – 879 million US dollars.
• India– Annual valuation of iron and steel imports in Kenya from India in 2023 – 654 million US dollars.
• South Africa – Annual valuation of iron and steel imports in Kenya from South Africa in 2023 – 435 million US dollars.
• United Arab Emirates (UAE) – Annual valuation of iron and steel imports in Kenya from the United Arab Emirates (UAE) in 2023 – 328 million US dollars.
• Turkey – Annual valuation of iron and steel imports in Kenya from Turkey in 2023 – 276 million US dollars.
• Germany – Annual valuation of iron and steel imports in Kenya from Germany in 2023 – 224 million US dollars.
• Japan – Annual valuation of iron and steel imports in Kenya from Japan in 2023 – 128 million US dollars.
• United Kingdom (UK) – Annual valuation of iron and steel imports in Kenya from the United Kingdom (UK) in 2023 – 121 million US dollars.
• Belgium – Annual valuation of iron and steel imports in Kenya from Belgium in 2023 – 107 million US dollars.
• Italy – Annual valuation of iron and steel imports in Kenya from Italy in 2023 – 100 million US dollars.
IMPORT TRADE STATISTICS OF IRON AND STEEL IMPORT IN TURKEY FOR THE LAST 10 YEARS
1. Import trade value of iron and steel import in Turkey 2013 – 100 million US dollars.
2. Import trade value of iron and steel import in Turkey 2014 – 150 million US dollars.
3. Import trade value of iron and steel import in Turkey 2015 – 210 million US dollars.
4. Import trade value of iron and steel import in Turkey 2016 – 246 million US dollars.
5. Import trade value of iron and steel import in Turkey 2017 – 300 million US dollars.
6. Import trade value of iron and steel import in Turkey 2018 – 345 million US dollars.
7. Import trade value of iron and steel import in Turkey 2019 – 478 million US dollars.
8. Import trade value of iron and steel import in Turkey 2020 – 520 million US dollars.
9. Import trade value of iron and steel import in Turkey 2021 – 670 million US dollars.
10. Import trade value of iron and steel import in Turkey 2022 – 1.1 billion US dollars.
Comments
Post a Comment