Uganda: Market for Hot-Rolled Bars In Bearing Steels 2025

Market Size for Hot-Rolled Bars In Bearing Steels in Uganda

The Ugandan hot-rolled bearing steel bar market declined modestly to $X in 2022, falling by -2.6% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Hot-Rolled Bars In Bearing Steels in Uganda

In value terms, hot-rolled bearing steel bar production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Uganda

In 2022, overseas shipments of hot-rolled bars in bearing steels were finally on the rise to reach X tons after two years of decline. Overall, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 482%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled bearing steel bar exports soared to $X in 2022. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 298% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for hot-rolled bearing steel bar exports from Uganda, accounting for a 99% share of total exports. It was followed by Rwanda (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sudan amounted to +5.2%.

In value terms, Sudan ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from Uganda, comprising 91% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sudan totaled +17.4%.

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2022, dropping by -6.1% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

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 Rwanda ($X per ton), while the average price for exports to Sudan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Uganda

In 2022, approx. X tons of hot-rolled bars in bearing steels were imported into Uganda; picking up by 180% against the previous year. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 1,160% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, hot-rolled bearing steel bar imports surged to $X in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 997% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and South Africa (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Uganda, together accounting for 95% of total imports. India lagged somewhat behind, comprising a further 2.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and India ($X) constituted the largest hot-rolled bearing steel bar suppliers to Uganda, together accounting for 87% of total imports.

India, with a CAGR of +42.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, growing by 7.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 35%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 ($X per ton), while the price for South Africa ($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 (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform