Uganda: Jacks And Hoists Market 2025

Jacks And Hoists Market Size in Uganda

The Ugandan jacks and hoists market declined to $X in 2022, falling by -12.5% 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 continues to indicate a abrupt contraction. Jacks and hoists consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Jacks And Hoists Exports

Exports from Uganda

In 2022, shipments abroad of jacks and hoists for raising vehicles increased by 16% to X units, rising for the third consecutive year after two years of decline. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 2,922% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, jacks and hoists exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 1,173% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X units) was the main destination for jacks and hoists exports from Uganda, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at +50.6%.

In value terms, Kenya ($X) also remains the key foreign market for jacks and hoists for raising vehicles exports from Uganda.

From 2012 to 2022, the average annual growth rate of value to Kenya amounted to +49.3%.

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, picking up by 24% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 328% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +12.7% per year.

Jacks And Hoists Imports

Imports into Uganda

For the third year in a row, Uganda recorded decline in supplies from abroad of jacks and hoists for raising vehicles, which decreased by 0% to X units in 2022. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 89%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports contracted significantly to $X in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2013 when imports increased by 161% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of jacks and hoists to Uganda, accounting for a 67% share of total imports. Moreover, jacks and hoists imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-21.8% per year) and the UK (-4.7% per year).

In value terms, the largest jacks and hoists suppliers to Uganda were China ($X), India ($X) and the United Arab Emirates ($X), together accounting for 64% of total imports.

The United Arab Emirates, with a CAGR of +57.9%, recorded the highest rates of growth with regard to the value of imports, among 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 jacks and hoists import price stood at $X per unit in 2022, waning by -17.4% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 157%. The import price peaked at $X per unit in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Japan ($X per unit) 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 (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform