Uganda: Starter Battery Market 2024

Starter Battery Market Size in Uganda

In 2022, the Ugandan starter battery market decreased by -8.4% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate strong growth. Starter battery consumption peaked at $X in 2021, and then declined in the following year.

Starter Battery Exports

Exports from Uganda

In 2022, overseas shipments of lead-acid accumulators for starting piston engines increased by 242% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 705%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, starter battery exports surged to $X in 2022. Over the period under review, exports saw a pronounced expansion. The growth pace was the most rapid in 2015 when exports increased by 774% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Sudan (X units), Kenya (X units) and Democratic Republic of the Congo (X units) were the main destinations of starter battery exports from Uganda, with a combined 95% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Sudan (with a CAGR of +54.8%), while the other leaders experienced more modest paces of growth.

In value terms, South Sudan ($X), Kenya ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for starter battery exported from Uganda worldwide, together accounting for 93% of total exports.

Democratic Republic of the Congo, with a CAGR of +47.9%, 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 starter battery export price amounted to $X per unit, falling by -20.1% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to South Sudan ($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 Burundi (+25.8%), while the prices for the other major destinations experienced mixed trend patterns.

Starter Battery Imports

Imports into Uganda

After three years of growth, overseas purchases of lead-acid accumulators for starting piston engines decreased by -12.2% to X units in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 94% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced in the following year.

In value terms, starter battery imports contracted to $X in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Kenya (X units) constituted the largest starter battery supplier to Uganda, with a 62% share of total imports. Moreover, starter battery imports from Kenya exceeded the figures recorded by the second-largest supplier, Indonesia (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Kenya stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+21.4% per year) and the United Arab Emirates (-11.3% per year).

In value terms, Kenya ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Uganda, comprising 50% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.2% share of total imports. It was followed by Egypt, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Kenya totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+17.1% per year) and Egypt (+40.2% per year).

Import Prices by Country

In 2022, the average starter battery import price amounted to $X per unit, surging by 7.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 60%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Egypt ($X per unit), while the price for Indonesia ($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 (+11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform