Uganda: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in Uganda

The Ugandan market for solar cells and light-emitting diodes rose sharply to $X in 2022, picking up by 8.8% 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). Over the period under review, consumption showed buoyant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Uganda

Solar cells and light-emitting diodes exports from Uganda skyrocketed to X units in 2022, jumping by 29% against 2021 figures. In general, exports posted a pronounced increase. The pace of growth was the most pronounced in 2020 when exports increased by 460%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, solar cells and light-emitting diodes exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 566%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for solar cells and light-emitting diodes exports from Uganda, accounting for a 72% share of total exports. Moreover, solar cells and light-emitting diodes exports to South Africa exceeded the volume sent to the second major destination, Nigeria (X units), fivefold. The third position in this ranking was held by Democratic Republic of the Congo (X units), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +81.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+94.9% per year) and Democratic Republic of the Congo (+12.0% per year).

In value terms, Zambia ($X), Nigeria ($X) and Kenya ($X) constituted the largest markets for solar cells and light-emitting diodes exported from Uganda worldwide, with a combined 57% share of total exports.

In terms of the main countries of destination, Nigeria, with a CAGR of +39.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for solar cells and light-emitting diodes amounted to $X per unit, surging by 5.9% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to South Africa (less than $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 Kenya (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Uganda

Solar cells and light-emitting diodes imports into Uganda rose significantly to X units in 2022, growing by 5.3% against the previous year. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports rose rapidly to $X in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of solar cells and light-emitting diodes to Uganda, accounting for a 89% share of total imports. It was followed by India (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.4% per year) and Egypt (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to Uganda, comprising 79% of total imports. The second position in the ranking was taken by India ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.1% per year) and Egypt (-9.6% per year).

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, rising by 6% against the previous year. Overall, the import price, however, saw a deep reduction. Over the period under review, average import prices attained the peak figure at $X per unit 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 Egypt ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform