Uganda: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Uganda

After two years of decline, the Ugandan rosin and resin acids market increased by less than X% to $X in 2022. Over the period under review, consumption recorded a deep downturn. The pace of growth was the most pronounced in 2019 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Rosin And Resin Acids And Derivatives in Uganda

In value terms, rosin and resin acids production amounted to $X in 2022 estimated in export price. Overall, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. Rosin and resin acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Uganda

In 2022, overseas shipments of rosin and resin acids and derivatives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, rosin and resin acids exports surged to $X in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons) was the main destination for rosin and resin acids exports from Uganda, with a X% share of total exports. Moreover, rosin and resin acids exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was taken by Rwanda (X tons), with a X% share.

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: Turkey (X% per year) and Rwanda (X% per year).

In value terms, China ($X) emerged as the key foreign market for rosin and resin acids and derivatives exports from Uganda, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Rwanda, with a X% share.

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: Turkey (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Rwanda ($X per ton), while the average price for exports to Burundi ($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 Burundi (X%).

Imports of Rosin And Resin Acids And Derivatives

Imports into Uganda

In 2022, the amount of rosin and resin acids and derivatives imported into Uganda fell rapidly to X tons, reducing by X% on 2021 figures. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, rosin and resin acids imports dropped dramatically to $X in 2022. In general, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest rosin and resin acids supplier to Uganda, accounting for a X% share of total imports. Moreover, rosin and resin acids imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Kenya (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Kenya (X% per year).

In value terms, India ($X), the UK ($X) and Kenya ($X) were the largest rosin and resin acids suppliers to Uganda, with a combined X% share of total imports.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rosin and resin acids import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 the UK ($X per ton), while the price for the United Arab Emirates ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform