Uganda: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Uganda

For the third consecutive year, the Ugandan cotton (carded or combed) market recorded growth in sales value, which increased by 0.3% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. Cotton (carded or combed) consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Cotton (Carded Or Combed) in Uganda

In value terms, cotton (carded or combed) production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14% against the previous year. Cotton (carded or combed) production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Uganda

In 2022, the amount of cotton (carded or combed) exported from Uganda fell remarkably to X tons, waning by -20% compared with 2021 figures. In general, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 3,184% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cotton (carded or combed) exports contracted to $X in 2022. Overall, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of 2,154% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Pakistan (X tons) and India (X tons) were the main destinations of cotton (carded or combed) exports from Uganda, together comprising 49% of total exports. Indonesia, France, the United Arab Emirates, Switzerland, Bangladesh, Vietnam, the UK, Kenya, China and Malaysia lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +52.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton (carded or combed) exported from Uganda were Singapore ($X), Pakistan ($X) and Malaysia ($X), with a combined 44% share of total exports. India, Indonesia, France, the United Arab Emirates, Switzerland, Bangladesh, Vietnam, the UK, China and Kenya lagged somewhat behind, together comprising a further 50%.

In terms of the main countries of destination, Indonesia, with a CAGR of +50.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, jumping by 15% against the previous year. Overall, the export price, however, saw a mild setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Pakistan ($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 Malaysia (+16.8%), while the prices for the other major destinations experienced a decline.

Imports of Cotton (Carded Or Combed)

Imports into Uganda

In 2022, overseas purchases of cotton (carded or combed) decreased by -0.2% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, enjoyed a slight increase. The growth pace was the most rapid in 2020 when imports increased by 198% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, cotton (carded or combed) imports contracted slightly to $X in 2022. Overall, imports, however, continue to indicate moderate growth. The pace of growth was the most pronounced in 2020 when imports increased by 365% against the previous year. Imports peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest supplier of cotton (carded or combed) to Uganda, with a 65% share of total imports. Moreover, cotton (carded or combed) imports from Pakistan exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Pakistan totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-1.3% per year) and China (-8.3% per year).

In value terms, Pakistan ($X) constituted the largest supplier of cotton (carded or combed) to Uganda, comprising 91% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Pakistan totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-14.9% per year) and China (-18.4% per year).

Import Prices by Country

In 2022, the average cotton (carded or combed) import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 56%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Pakistan ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform