Uganda: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Uganda

In 2022, after two years of growth, there was decline in the Ugandan unvulcanized rubber market, when its value decreased by -2.4% to $X. Over the period under review, consumption, however, saw a pronounced setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Unvulcanized Rubber Exports

Exports from Uganda

In 2022, shipments abroad of unvulcanized rubber and articles thereof increased by 6.7% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2019 when exports increased by 129% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports stood at $X in 2022. Overall, exports posted slight growth. The pace of growth was the most pronounced in 2019 when exports increased by 201% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for unvulcanized rubber exports from Uganda, accounting for a 59% share of total exports. Moreover, unvulcanized rubber exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Sudan (X kg), threefold. The third position in this ranking was taken by South Sudan (X kg), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+0.8% per year) and South Sudan (-2.1% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Uganda, comprising 65% of total exports. The second position in the ranking was held by Sudan ($X), with a 13% share of total exports. It was followed by Burundi, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-4.0% per year) and Burundi (+12.4% per year).

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price saw a slight decline. The most prominent rate of growth was recorded in 2016 an increase of 58%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Burundi ($X per ton), while the average price for exports to South Sudan ($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 Burundi (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Uganda

Unvulcanized rubber imports into Uganda totaled X tons in 2022, with an increase of 3.8% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 88%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, unvulcanized rubber imports contracted slightly to $X in 2022. Overall, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 74%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Kenya (X tons) were the main suppliers of unvulcanized rubber imports to Uganda, with a combined 72% share of total imports. Malaysia, Germany, Egypt, Sri Lanka and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +54.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unvulcanized rubber suppliers to Uganda were China ($X), India ($X) and Kenya ($X), with a combined 60% share of total imports.

In terms of the main suppliers, China, with a CAGR of +39.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average unvulcanized rubber import price amounted to $X per ton, falling by -7.1% against the previous year. In general, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 15%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the United Arab Emirates ($X per ton), while the price for Egypt ($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 United Arab Emirates (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform