Uganda: Expanded Metal Market 2024

Expanded Metal Market Size in Uganda

The Ugandan expanded metal market rose significantly to $X in 2022, growing by 12% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Expanded Metal Production in Uganda

In value terms, expanded metal production rose markedly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Expanded Metal Exports

Exports from Uganda

In 2022, overseas shipments of iron or steel expanded metal increased by 48% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 284% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 425% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Sudan (X tons), Democratic Republic of the Congo (X tons) and Burundi (X tons) were the main destinations of expanded metal exports from Uganda, with a combined 94% share of total exports. Tanzania and Sudan lagged somewhat behind, together accounting for a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Sudan ($X), Democratic Republic of the Congo ($X) and Burundi ($X) were the largest markets for expanded metal exported from Uganda worldwide, together accounting for 97% of total exports. Tanzania and Sudan lagged somewhat behind, together accounting for a further 2.1%.

Tanzania, with a CAGR of +31.8%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average expanded metal export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Metal Imports

Imports into Uganda

In 2022, the amount of iron or steel expanded metal imported into Uganda fell significantly to X tons, declining by -28.7% compared with the year before. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 614%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, expanded metal imports contracted significantly to $X in 2022. Over the period under review, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 521%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Kenya (X tons) constituted the largest expanded metal supplier to Uganda, accounting for a 59% share of total imports. Moreover, expanded metal imports from Kenya exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kenya stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.0% per year) and Malaysia (+9.4% per year).

In value terms, Kenya ($X) constituted the largest supplier of iron or steel expanded metal to Uganda, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by South Africa, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Kenya amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.6% per year) and South Africa (+33.3% per year).

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, waning by -7.2% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 91% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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 South Africa ($X per ton), while the price for Malaysia ($X per ton) 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 (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform