Report Update Nov 1, 2024

Uganda - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Uganda: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Uganda

The Ugandan semi-manufactured gold market shrank to $X in 2022, which is down by -11.8% against the previous year. Overall, consumption saw a deep reduction. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.7%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Semi-Manufactured Gold Production in Uganda

In value terms, semi-manufactured gold production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a noticeable slump. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from Uganda

After eight years of growth, overseas shipments of gold, in semi-manufactured forms decreased by -7.7% to X tons in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 713%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, semi-manufactured gold exports shrank to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 854%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for semi-manufactured gold exports from Uganda, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +60.8%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for gold, in semi-manufactured forms exports from Uganda.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +68.8%.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. Over the period under review, the average export prices attained the maximum at $X per kg in 2021, and then fell modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.0% per year.

Semi-Manufactured Gold Imports

Imports into Uganda

In 2022, purchases abroad of gold, in semi-manufactured forms was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 259%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, semi-manufactured gold imports rose sharply to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 292%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest semi-manufactured gold supplier to Uganda, with a 53% share of total imports. Moreover, semi-manufactured gold imports from Tanzania exceeded the figures recorded by the second-largest supplier, Kenya (X tons), twofold. Burkina Faso (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Tanzania totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+15.8% per year) and Burkina Faso (+15.2% per year).

In value terms, Tanzania ($X) constituted the largest supplier of gold, in semi-manufactured forms to Uganda, comprising 55% of total imports. The second position in the ranking was held by Kenya ($X), with a 24% share of total imports. It was followed by Burkina Faso, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Tanzania stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+21.3% per year) and Burkina Faso (+30.0% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, growing by 2.7% against the previous year. In general, the import price showed resilient growth. The growth pace was the most rapid in 2020 an increase of 28%. As a result, import price attained the peak level of $X per kg. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Burkina Faso ($X per kg) and Tanzania ($X per kg), while the price for Burundi ($X per kg) and South Africa ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the semi-manufactured gold market in Uganda. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

Country coverage:

Uganda

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uganda
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023