Uganda: Roundwood Market 2024

Roundwood Market Size in Uganda

The Ugandan roundwood market was estimated at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Roundwood Production in Uganda

In value terms, roundwood production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Roundwood Exports

Exports from Uganda

In 2022, roundwood exports from Uganda skyrocketed to X cubic meters, with an increase of X% compared with the previous year. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, roundwood exports expanded rapidly to $X in 2022. Overall, exports recorded a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X cubic meters), Vietnam (X cubic meters) and Kenya (X cubic meters) were the main destinations of roundwood exports from Uganda, together comprising X% of total exports. Tanzania, Cambodia and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for roundwood exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with an X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the average roundwood export price amounted to $X per cubic meter, falling by X% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per cubic meter 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to Rwanda ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into Uganda

In 2022, purchases abroad of roundwood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, roundwood imports dropped to $X in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Tanzania (X cubic meters) constituted the largest supplier of roundwood to Uganda, with a X% share of total imports. Moreover, roundwood imports from Tanzania exceeded the figures recorded by the second-largest supplier, South Sudan (X cubic meters), sevenfold. Democratic Republic of the Congo (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Tanzania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Sudan (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Tanzania ($X) constituted the largest supplier of roundwood to Uganda, comprising X% of total imports. The second position in the ranking was taken by South Sudan ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tanzania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Sudan (X% per year) and Brazil (X% per year).

Import Prices by Country

The average roundwood import price stood at $X per cubic meter in 2022, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($X per cubic meter), while the price for Democratic Republic of the Congo ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burundi (X.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform