Uganda: Insulating Board Market 2024

Insulating Board Market Size in Uganda

The Ugandan insulating board market skyrocketed to $X in 2022, surging by 82% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt descent. Insulating board consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Insulating Board Exports

Exports from Uganda

In 2022, overseas shipments of insulating board decreased by 0% to X cubic meters, falling for the second consecutive year after two years of growth. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2017 with an increase of 700%. As a result, the exports reached the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, insulating board exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 698%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Kenya (X cubic meters), Democratic Republic of the Congo (X cubic meters) and Rwanda (X cubic meters) were the main destinations of insulating board exports from Uganda, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) remains the key foreign market for insulating board exports from Uganda, comprising 77% of total exports. The second position in the ranking was held by Germany ($X), with an 8.3% share of total exports. It was followed by Democratic Republic of the Congo, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya totaled +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Democratic Republic of the Congo (+0.1% per year).

Export Prices by Country

The average insulating board export price stood at $X per cubic meter in 2022, increasing by 15% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 156% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Democratic Republic of the Congo ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+23.0%), while the prices for the other major destinations experienced a decline.

Insulating Board Imports

Imports into Uganda

In 2022, insulating board imports into Uganda skyrocketed to X cubic meters, with an increase of 85% against the previous year's figure. Overall, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, insulating board imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 184%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X cubic meters), China (X cubic meters) and Malaysia (X cubic meters) were the main suppliers of insulating board imports to Uganda, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +51.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of insulating board to Uganda, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.8% per year) and Malaysia (-6.1% per year).

Import Prices by Country

In 2022, the average insulating board import price amounted to $X per cubic meter, shrinking by -13.6% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, insulating board import price increased by +9.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform