Uganda: Vacuum Pump Market 2024

Vacuum Pump Market Size in Uganda

The Ugandan vacuum pump market surged to $X in 2022, picking up by 51% 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). Overall, consumption recorded a buoyant expansion. Vacuum pump consumption peaked in 2022 and is likely to continue growth in years to come.

Vacuum Pump Exports

Exports from Uganda

In 2022, the amount of vacuum pumps exported from Uganda surged to X units, with an increase of 83% compared with the year before. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 864% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 713% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burundi (X units) was the main destination for vacuum pump exports from Uganda, accounting for a 65% share of total exports. Moreover, vacuum pump exports to Burundi exceeded the volume sent to the second major destination, Rwanda (X units), fourfold. Sudan (X units) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi stood at +60.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+38.5% per year) and Sudan (+31.1% per year).

In value terms, Burundi ($X) remains the key foreign market for vacuum pumps exports from Uganda, comprising 39% of total exports. The second position in the ranking was held by Rwanda ($X), with a 15% share of total exports. It was followed by Democratic Republic of the Congo, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Burundi amounted to +125.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+105.1% per year) and Democratic Republic of the Congo (+64.5% per year).

Export Prices by Country

The average vacuum pump export price stood at $X per unit in 2022, with a decrease of -3.5% against the previous year. Overall, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 503% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 South Africa ($X per unit), while the average price for exports to Burundi ($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 South Africa (+82.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Uganda

In 2022, the amount of vacuum pumps imported into Uganda surged to X units, growing by 131% against the previous year's figure. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 132%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, vacuum pump imports fell sharply to $X in 2022. In general, imports saw temperate growth. The growth pace was the most rapid in 2021 when imports increased by 203% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump to Uganda, accounting for a 84% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +33.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.5% per year) and India (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps to Uganda, comprising 41% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by South Korea, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.6% per year) and South Korea (+45.5% per year).

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, dropping by -71.2% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 148% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted dramatically in the following year.

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 States ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform