Uganda: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Uganda

The Ugandan grinding and sharpening machine market rose markedly to $X in 2022, increasing by 9% against the previous year. Over the period under review, consumption showed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Uganda

In value terms, grinding and sharpening machine production expanded notably to $X in 2022 estimated in export price. In general, production saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 53%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Uganda

Grinding and sharpening machine exports from Uganda declined rapidly to X units in 2022, shrinking by -42.6% compared with the year before. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 325%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when exports increased by 718%. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Burundi (X units) was the main destination for grinding and sharpening machine exports from Uganda, with a 67% share of total exports. Moreover, grinding and sharpening machine exports to Burundi exceeded the volume sent to the second major destination, Rwanda (X units), sevenfold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Burundi amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-22.2% per year) and Democratic Republic of the Congo (-5.0% per year).

In value terms, Burundi ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Uganda, comprising 76% of total exports. The second position in the ranking was taken by Kenya ($X), with a 21% share of total exports. It was followed by Rwanda, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to Burundi stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+29.9% per year) and Rwanda (-24.2% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, dropping by -2.2% against the previous year. In general, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 822%. The export price peaked at $X per unit in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Uganda

In 2022, grinding and sharpening machine imports into Uganda expanded significantly to X units, picking up by 11% against the previous year. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 184%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when imports increased by 206% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kenya (X units), the United Arab Emirates (X units) and China (X units) were the main suppliers of grinding and sharpening machine imports to Uganda, together accounting for 54% of total imports. Turkey, Sweden, India, the UK, South Korea and Germany lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +33.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to Uganda were China ($X), the United Arab Emirates ($X) and India ($X), together accounting for 69% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 87% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Kenya ($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 (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform