Uganda: Market for Iron or Steel Wire Products 2024

Market Size for Iron or Steel Wire Products in Uganda

After two years of decline, the Ugandan market for iron or steel wire products increased by X% to $X in 2022. In general, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Exports of Iron or Steel Wire Products

Exports from Uganda

In 2022, after two years of growth, there was significant decline in shipments abroad of iron or steel wire products, when their volume decreased by X% to X tons. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, iron or steel wire product exports shrank notably to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

South Sudan (X tons) was the main destination for iron or steel wire product exports from Uganda, with a X% share of total exports. Moreover, iron or steel wire product exports to South Sudan exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Kenya (X% per year).

In value terms, South Sudan ($X) emerged as the key foreign market for iron or steel wire products exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for iron or steel wire products stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained 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 ($X per ton), while the average price for exports to Kenya ($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 South Sudan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Wire Products

Imports into Uganda

Iron or steel wire product imports into Uganda declined to X tons in 2022, falling by X% against the year before. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, iron or steel wire product imports rose slightly to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel wire product to Uganda, with a X% share of total imports. Moreover, iron or steel wire product imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was held by India (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel wire products to Uganda, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for iron or steel wire products amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform