Uganda: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Uganda

The Ugandan refrigerator compressor market reduced to $X in 2022, falling by -6% 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). Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Refrigerator Compressor Exports

Exports from Uganda

In 2022, the amount of compressors for refrigeration equipment exported from Uganda stood at X units, approximately equating the previous year. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 636%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerator compressor exports reduced remarkably to $X in 2022. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 263%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for refrigerator compressor exports from Uganda, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +32.0%.

In value terms, Democratic Republic of the Congo ($X) also remains the key foreign market for compressors for refrigeration equipment exports from Uganda.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled -10.1%.

Export Prices by Country

In 2022, the average refrigerator compressor export price amounted to $X per unit, falling by -32.6% against the previous year. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 16%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Central African Republic amounted to +4,166.0% per year.

Refrigerator Compressor Imports

Imports into Uganda

In 2022, approx. X units of compressors for refrigeration equipment were imported into Uganda; with a decrease of -4.5% compared with the previous year's figure. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 206% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, refrigerator compressor imports reduced to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.3% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest refrigerator compressor supplier to Uganda, with a 77% share of total imports. Moreover, refrigerator compressor imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. Denmark (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-9.2% per year) and Denmark (+2.1% per year).

In value terms, the United Arab Emirates ($X), China ($X) and the UK ($X) appeared to be the largest refrigerator compressor suppliers to Uganda, with a combined 41% share of total imports.

The United Arab Emirates, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refrigerator compressor import price stood at $X per unit in 2022, which is down by -4.2% against the previous year. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2013 an increase of 85%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform