Uganda: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Uganda

The Ugandan non-malleable cast iron articles market reduced to $X in 2022, waning by -14.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a slight increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Uganda

In 2022, overseas shipments of articles of non-malleable cast iron were finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 270%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, non-malleable cast iron articles exports surged to $X in 2022. Overall, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 102% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X kg) was the main destination for non-malleable cast iron articles exports from Uganda, with a 74% share of total exports. Moreover, non-malleable cast iron articles exports to Rwanda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda totaled -27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-28.9% per year) and Jamaica (0.0% per year).

In value terms, Rwanda ($X) remains the key foreign market for articles of non-malleable cast iron exports from Uganda, comprising 82% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda amounted to -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-21.1% per year) and Jamaica (0.0% per year).

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, picking up by 6% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 153%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Uganda

In 2022, the amount of articles of non-malleable cast iron imported into Uganda dropped remarkably to X tons, with a decrease of -19% against the previous year. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 261% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-malleable cast iron articles imports fell to $X in 2022. In general, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2014 with an increase of 186%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest non-malleable cast iron articles supplier to Uganda, with a 51% share of total imports. Moreover, non-malleable cast iron articles imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +74.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.9% per year) and India (-9.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of articles of non-malleable cast iron to Uganda, comprising 48% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.2% per year) and India (-8.0% per year).

Import Prices by Country

The average non-malleable cast iron articles import price stood at $X per ton in 2022, rising by 8.5% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles import price increased by +88.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 65%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X 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 (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform