Uganda: Zinc Oxide Market 2024

Zinc Oxide Market Size in Uganda

The Ugandan zinc oxide market skyrocketed to $X in 2022, growing by X% 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 enjoyed strong growth. Zinc oxide consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Zinc Oxide Exports

Exports from Uganda

In 2022, after three years of decline, there was significant growth in overseas shipments of zinc oxide and zinc peroxide, when their volume increased by X% to X kg. Overall, exports, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, zinc oxide exports reached $X in 2022. In general, exports, however, faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for zinc oxide exports from Uganda, with a X% share of total exports. Moreover, zinc oxide exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Rwanda (X kg), threefold.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Tanzania (X% per year).

Export Prices by Country

In 2022, the average zinc oxide export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Rwanda (X%).

Zinc Oxide Imports

Imports into Uganda

In 2022, approx. X tons of zinc oxide and zinc peroxide were imported into Uganda; jumping by X% on the previous year. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, zinc oxide imports soared to $X in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest zinc oxide supplier to Uganda, with a X% share of total imports. Moreover, zinc oxide imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of zinc oxide and zinc peroxide to Uganda, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

The average zinc oxide import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price posted a pronounced increase. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform