Uganda: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Uganda

The Ugandan natural stone sett market reached $X in 2022, surging by 3% against the previous year. Overall, consumption continues to indicate a prominent increase. Natural stone sett consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Uganda

In value terms, natural stone sett production reached $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 115%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports from Uganda

In 2022, the amount of natural stone setts, kerbstones and flagstones exported from Uganda declined rapidly to X tons, shrinking by -34.9% against the previous year's figure. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,336%. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, natural stone sett exports shrank dramatically to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 884% against the previous year. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

China (X tons) was the main destination for natural stone sett exports from Uganda, accounting for a 68% share of total exports. Moreover, natural stone sett exports to China exceeded the volume sent to the second major destination, Rwanda (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+86.4% per year) and Democratic Republic of the Congo (+76.0% per year).

In value terms, China ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from Uganda, comprising 63% of total exports. The second position in the ranking was held by Rwanda ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+85.0% per year) and Democratic Republic of the Congo (+37.4% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, with a decrease of -15.3% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 an increase of 120% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Rwanda (-0.7%).

Natural Stone Sett Imports

Imports into Uganda

In 2022, the amount of natural stone setts, kerbstones and flagstones imported into Uganda fell to X tons, dropping by -10.6% against 2021. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 4,440% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports expanded significantly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,892%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kenya (X tons) constituted the largest supplier of natural stone sett to Uganda, accounting for a 90% share of total imports. Moreover, natural stone sett imports from Kenya exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kenya totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.3% per year) and the United Arab Emirates (-22.6% per year).

In value terms, Kenya ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Uganda, comprising 72% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Kenya was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-9.1% per year) and China (-24.2% per year).

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, growing by 18% against the previous year. In general, the import price showed a mild expansion. The pace of growth appeared the most rapid in 2013 an increase of 94% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 the United Arab Emirates ($X per ton), while the price for Kenya ($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 UK (+254.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform