Uganda: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Uganda

The Ugandan market for tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted dramatically to $X in 2022, waning by -20.7% 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 continues to indicate a slight decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Uganda

In 2022, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Uganda declined significantly to X units, falling by -30.3% against the previous year. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 434%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined markedly to $X in 2022. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 277% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Uganda, accounting for a 65% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Tanzania (X units), fourfold. South Sudan (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-1.5% per year) and South Sudan (+55.2% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Uganda, comprising 69% of total exports. The second position in the ranking was taken by South Sudan ($X), with a 20% share of total exports. It was followed by Tanzania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (+14.8% per year) and Tanzania (-15.0% per year).

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, dropping by -15.3% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 147%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($X per unit), while the average price for exports to Tanzania ($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 Sudan (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Uganda

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Uganda contracted rapidly to X units in 2022, dropping by -31.8% on the previous year's figure. Overall, imports saw a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of 145%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

India (X units), China (X units) and Kenya (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Uganda, with a combined 78% share of total imports. The United Arab Emirates, Brazil, Sri Lanka and Thailand lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Uganda, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from India totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.4% per year) and the United Arab Emirates (+0.6% per year).

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, picking up by 26% against the previous year. Overall, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2015 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $X per unit 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 Sri Lanka ($X per unit), while the price for Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform