Uganda: Market for Glass Rear-View Mirrors For Vehicles 2024

Market Size for Glass Rear-View Mirrors For Vehicles in Uganda

The Ugandan glass rear-view vehicle mirror market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption showed buoyant growth. Glass rear-view vehicle mirror consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Glass Rear-View Mirrors For Vehicles

Exports from Uganda

In 2022, exports of glass rear-view mirrors for vehicles from Uganda soared to X units, jumping by 4,850% compared with the previous year. Over the period under review, exports, however, faced a precipitous decrease. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass rear-view vehicle mirror exports contracted to $X in 2022. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 685%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for glass rear-view vehicle mirror exports from Uganda, with a 74,350% share of total exports. Moreover, glass rear-view vehicle mirror exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Kenya (X units), fivefold. The third position in this ranking was taken by Rwanda (X units), with a 14,100% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo totaled +125.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+33.2% per year) and Rwanda (+28.3% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for glass rear-view mirrors for vehicles exports from Uganda, comprising 9,774% of total exports. The second position in the ranking was taken by Kenya ($X), with an 826% share of total exports. It was followed by Rwanda, with a 537% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to +93.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+39.9% per year) and Rwanda (+9.2% per year).

Export Prices by Country

The average glass rear-view vehicle mirror export price stood at $X per unit in 2021, with a decrease of -42.4% against the previous year. In general, the export price recorded a sharp curtailment. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then declined remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Sudan ($X per unit), while the average price for exports to Burundi ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+5.2%), while the prices for the other major destinations experienced a decline.

Imports of Glass Rear-View Mirrors For Vehicles

Imports into Uganda

In 2022, overseas purchases of glass rear-view mirrors for vehicles were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 314%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, glass rear-view vehicle mirror imports skyrocketed to $X in 2022. In general, imports recorded a tangible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 105% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main glass rear-view vehicle mirror supplier to Uganda, accounting for a 126% share of total imports. Moreover, glass rear-view vehicle mirror imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. Japan (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-11.1% per year) and Japan (-7.2% per year).

In value terms, China ($X) constituted the largest supplier of glass rear-view mirrors for vehicles to Uganda, comprising 27% of total imports. The second position in the ranking was taken by South Africa ($X), with a 6.1% share of total imports. It was followed by the United Arab Emirates, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+8.3% per year) and the United Arab Emirates (-12.5% per year).

Import Prices by Country

The average glass rear-view vehicle mirror import price stood at $X per unit in 2021, surging by 9.5% against the previous year. In general, the import price, however, faced a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 104%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform