Uganda: Talc And Steatite Market 2024

Talc And Steatite Market Size in Uganda

In 2022, the Ugandan talc and steatite market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a temperate increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from Uganda

In 2022, after two years of growth, there was decline in overseas shipments of talc and steatite, when their volume decreased by -2.9% to X tons. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 538% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, talc and steatite exports contracted slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 557%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) was the main destination for talc and steatite exports from Uganda, with a 90% share of total exports. Moreover, talc and steatite exports to Rwanda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Rwanda amounted to +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+43.7% per year) and Tanzania (-3.3% per year).

In value terms, Rwanda ($X) remains the key foreign market for talc and steatite exports from Uganda, comprising 88% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda stood at +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+34.5% per year) and Tanzania (-3.1% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, rising by 2.2% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Rwanda ($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 Tanzania (+0.2%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into Uganda

After two years of decline, overseas purchases of talc and steatite increased by 44% to X tons in 2022. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 557% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, talc and steatite imports surged to $X in 2022. Over the period under review, imports enjoyed a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of 464%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Egypt (X tons) and Kenya (X tons) were the main suppliers of talc and steatite imports to Uganda, together accounting for 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +51.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of talc and steatite to Uganda, comprising 38% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt totaled +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.2% per year) and China (+36.5% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, declining by -10.1% against the previous year. Overall, the import price saw a perceptible slump. The growth pace was the most rapid in 2016 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for China ($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 (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform