Uganda: Glass Closure Market 2024

Glass Closure Market Size in Uganda

The Ugandan glass closure market expanded significantly to $X in 2022, with an increase of 9.5% against the previous year. Over the period under review, consumption continues to indicate a moderate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Glass Closure Production in Uganda

In value terms, glass closure production rose sharply to $X in 2022 estimated in export price. In general, production saw a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 70%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Glass Closure Exports

Exports from Uganda

In 2022, approx. X kg of glass stoppers, lids and other closures were exported from Uganda; waning by -5.6% against the previous year. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 19,800%. As a result, the exports attained the peak of X kg. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass closure exports surged to $X in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 12,336% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X kg) was the main destination for glass closure exports from Uganda, accounting for a 64% share of total exports. Moreover, glass closure exports to Sudan exceeded the volume sent to the second major destination, Burundi (X kg), fourfold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (-18.6% per year) and Democratic Republic of the Congo (-31.2% per year).

In value terms, Burundi ($X), Democratic Republic of the Congo ($X) and Rwanda ($X) appeared to be the largest markets for glass closure exported from Uganda worldwide, with a combined 87% share of total exports.

Burundi, with a CAGR of +6.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average glass closure export price amounted to $X per ton, increasing by 38% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Rwanda ($X per ton), while the average price for exports to Sudan ($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 Democratic Republic of the Congo (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Uganda

In 2022, approx. X kg of glass stoppers, lids and other closures were imported into Uganda; waning by -62.9% on 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 2,263%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, glass closure imports declined sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 3,608%. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Spain (X kg), China (X kg) and Rwanda (X kg) were the main suppliers of glass closure imports to Uganda, with a combined 56% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Rwanda (with a CAGR of +128.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of glass stoppers, lids and other closures to Uganda, comprising 35% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by South Africa, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.7% per year) and South Africa (+16.9% per year).

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, with an increase of 38% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 57%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while the price for Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform