Uganda: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Uganda

In 2022, the Ugandan transportation vehicle body market increased by 174% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a mild contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from Uganda

After four years of growth, shipments abroad of bodies for motor vehicles for the transporting people decreased by 0% to X units in 2022. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 80%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports rose rapidly to $X in 2022. Overall, exports showed a precipitous curtailment. The pace of growth was the most pronounced in 2013 with an increase of 74% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burundi (X units) was the main destination for transportation vehicle body exports from Uganda, with a 60% share of total exports. Moreover, transportation vehicle body exports to Burundi exceeded the volume sent to the second major destination, Rwanda (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-24.2% per year) and Kenya (0.0% per year).

In value terms, Kenya ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Uganda, comprising 87% of total exports. The second position in the ranking was taken by Burundi ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (-13.1% per year) and Rwanda (-47.1% per year).

Export Prices by Country

In 2022, the average transportation vehicle body export price amounted to $X per unit, rising by 9.2% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 155% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (-0.4%), while the prices for the other major destinations experienced a decline.

Transportation Vehicle Body Imports

Imports into Uganda

In 2022, overseas purchases of bodies for motor vehicles for the transporting people were finally on the rise to reach X units after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports skyrocketed to $X in 2022. Overall, imports, however, recorded a pronounced shrinkage. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Tanzania (X units) constituted the largest supplier of transportation vehicle body to Uganda, accounting for a 64% share of total imports. Moreover, transportation vehicle body imports from Tanzania exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. The third position in this ranking was held by China (X units), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Tanzania totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.2% per year) and China (+32.8% per year).

In value terms, Tanzania ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Uganda, comprising 60% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 22% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Tanzania amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+22.8% per year) and the United Arab Emirates (-3.7% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, waning by -10.9% against the previous year. Over the period under review, the import price recorded a pronounced decline. The growth pace was the most rapid in 2013 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform