Uganda: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Uganda

The Ugandan ride-on compaction equipment market contracted rapidly to $X in 2022, shrinking by -26.3% 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). In general, consumption, however, saw a noticeable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports from Uganda

In 2022, approx. X units of ride-on compaction equipment were exported from Uganda; flattening at the previous year's figure. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 294% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports reduced to $X in 2022. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 148%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units), South Sudan (X units) and Kenya (X units) were the main destinations of ride-on compaction equipment exports from Uganda, with a combined 73% share of total exports. Moreover, ride-on compaction equipment exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, South Sudan, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X), Democratic Republic of the Congo ($X) and South Sudan ($X) were the largest markets for ride-on compaction equipment exported from Uganda worldwide, together accounting for 73% of total exports.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +38.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, flattening at the previous year. In general, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 when the average export price increased by 70% against the previous year. The export price peaked at $X per unit 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to Rwanda ($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 Democratic Republic of the Congo (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Uganda

In 2022, the amount of ride-on compaction equipment imported into Uganda declined remarkably to X units, shrinking by -28% on 2021. Over the period under review, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 253% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ride-on compaction equipment imports fell sharply to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 200%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) constituted the largest supplier of ride-on compaction equipment to Uganda, with a 78% share of total imports. Moreover, ride-on compaction equipment imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. Kenya (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Kenya (+4.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of ride-on compaction equipment to Uganda, comprising 81% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Kenya, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to +47.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.7% per year) and Kenya (+0.1% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, picking up by 7.6% against the previous year. In general, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained 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 China ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform