Uganda: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in Uganda

The Ugandan metal anchors and grapnels market surged to $X in 2022, increasing by 572% 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 showed a significant expansion. Metal anchors and grapnels consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Iron Or Steel Anchors, Grapnels

Exports from Uganda

In 2022, overseas shipments of iron or steel anchors, grapnels were finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 4,329% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal anchors and grapnels exports rose remarkably to $X in 2022. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 3,343% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X units), Democratic Republic of the Congo (X units) and Rwanda (X units) were the main destinations of metal anchors and grapnels exports from Uganda, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +14.1%), while shipments for the other leaders experienced a decline.

In value terms, Democratic Republic of the Congo ($X), Tanzania ($X) and Rwanda ($X) appeared to be the largest markets for metal anchors and grapnels exported from Uganda worldwide, together comprising 99.9% of total exports.

Tanzania, with a CAGR of +27.4%, recorded the highest growth rate of 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

The average metal anchors and grapnels export price stood at $X per unit in 2022, increasing by 8.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 469% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Rwanda ($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 Singapore (+493.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Or Steel Anchors, Grapnels

Imports into Uganda

In 2022, the amount of iron or steel anchors, grapnels imported into Uganda skyrocketed to X units, picking up by 549% on the previous year's figure. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 4,231%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, metal anchors and grapnels imports soared to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 725%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Kenya (X units) were the main suppliers of metal anchors and grapnels imports to Uganda, with a combined 81% share of total imports. The United States, Italy, Serbia, India and South Africa lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +419.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal anchors and grapnels suppliers to Uganda were China ($X), the United Arab Emirates ($X) and Kenya ($X), together accounting for 67% of total imports.

Among the main suppliers, Kenya, with a CAGR of +145.8%, recorded the highest growth rate of 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 metal anchors and grapnels import price amounted to $X per unit, with a decrease of -32% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 185%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 India ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+255.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform