Mabati is one of the roofing materials widely used in Kenya. Mabati prices in Kenya have steadily risen in the past few years for various reasons.
An estimate and a projection of mabati prices in Kenya in 2023 are outlined with details in this article. The trends and the forecast are also elaborated.
In building and construction projects in Kenya, mabati is a top roofing choice for project managers and owners. Mabati prices have fluctuated over the years due to the increased demand for housing and infrastructure, especially with the current social status of Kenyans. Therefore, Kenyans should stay updated on current mabati prices in Kenya 2023 and the future to avoid price fluctuations.
Current Mabati Prices in Kenya
In general, the prices of mabati in Kenya have been increasing over the years due to the increasing cost of production and inflation. Additionally, the rising demand for mabati has further pushed the prices up. The prices of mabati are expected to continue increasing in 2023 but at a much slower rate.
The quality of mabati is an essential factor in determining the price. Lower-quality mabati is cheaper than their higher-quality counterparts. However, this does not necessarily make them a better option, as they tend to be less durable and have poorer insulation. Therefore, it is essential to consider the quality and price when selecting the mabati that best meets your needs.
The type of mabati is also essential when choosing the right type for your home. Different types of mabati, such as corrugated iron sheets, galvanized steel sheets, and stone-coated steel sheets. Each type of mabati has different characteristics, so they cost differently. Finally, the thickness of the sheets is another factor that affects the price of mabati. Thicker sheets are generally more expensive as they provide more insulation, durability, and strength. It is essential to consider the thickness.
Factors Affecting Mabati Prices
Some of the factors that affect mabati prices in Kenya in 2023 include;
1. Cost of raw materials
The price of Mabati is highly dependent on the cost of raw materials components; examples include iron, zinc, aluminum, and tin. The most expensive raw material will be used to manufacture the most expensive sheets and vice versa.
2. Exchange Rates
Regarding imported iron sheets, the Kenyan shilling power over the respective currency heavily determines mabati prices.
3. Taxes and Levies
The selling price of the sheets usually includes government fees and taxes imposed on Mabati items.
Mabati prices in Kenya are foreseen to rise higher in 2023 based on existing patterns and related statistics as discussed below:
4. Increase in Demand
There will likely be more demand for Mabati as housing and infrastructure needs develop intensively among Kenyans.
5. Increase in taxes
In a race to enhance revenue, the Kenyan government will likely impose higher taxes and levies on Mabati goods in aid of more revenue, raising the price soon.
6. Increased raw material prices
Global trends and the increasing inflation rate dictate increased mabati prices in Kenya
The prices of mabati are subject to many forces in the market, making it hard to assess or forecast the exact price in 2023. However, the price will undoubtedly rise due to determinant variables such as increasing demand, rising raw material costs, and taxation by the government seems to grow with the current regime.
To ensure assertiveness on mabati prices in Kenya, Kenyans intending to buy iron sheets in the future should seek awareness of market trends and make their best choices.