Uganda: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Uganda

In 2022, the Ugandan saturated acyclic monocarboxylic acids market increased by X% to $X, rising for the seventh consecutive year after three years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Uganda

In value terms, saturated acyclic monocarboxylic acids production contracted slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Uganda

After two years of decline, overseas shipments of saturated acyclic monocarboxylic acids increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports skyrocketed to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Rwanda (X tons), Democratic Republic of the Congo (X tons) and Burundi (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Uganda, with a combined X% 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 Rwanda (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with a X% share of total exports. It was followed by Burundi, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Burundi (X% per year).

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2015 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 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Rwanda ($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 Kenya (X%), while the prices for the other major destinations experienced a decline.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Uganda

In 2022, supplies from abroad of saturated acyclic monocarboxylic acids increased by X% to X tons, rising for the eighth consecutive year after two years of decline. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, saturated acyclic monocarboxylic acids imports dropped to $X in 2022. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of saturated acyclic monocarboxylic acids to Uganda, with a X% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Africa (X% per year).

In value terms, China ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Uganda, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform