Kenya’s import of aluminium bar rods & profiles during 2019-21 demonstrates creeping movement; 0.40% minimal growth estimated for 2022
The Governor of the Central Bank of Kenya, Patrick Njoroge during the end months of 2021stated that the economy is anticipated to grow by 6.4% in 2021 and 6.0% for 2022. East Africa’s biggest economy has manifested resilience to the Covid shock, with output in the first half of the year rising above pre-pandemic levels.
The nation with a lower-middle-income economy in the African continent, Kenya imported aluminium bar rods and profiles of 14,069 tonnes during 2019-21 demonstrating a creeping movement in the demand flow.
In 2019, Kenya imported aluminium bar rods and profiles of around 4228 tonnes, whereas, in 2020, the import witnessed a growth of 13.29%, as the import volume escalated to 4790 tonnes, keeping the internal demand on the rise.
The import of aluminium bar rods and profiles in 2021 was also registered with further growth of 5.44%, as the import volume rose to 5051 tonnes.
Kenya’s import for 2022 is analysed with minimal growth of 0.39%, as the import volume is predicted to stand at 5071 tonnes.
The major trading destinations for Kenya’s import of aluminium bar rods and profiles are China, Egypt, Italy, Turkey, etc.
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