Price for Chain and Parts Thereof, of Iron or Steel in Uganda - 2022

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Uganda (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Uganda (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Uganda
4. Exports of Chain and Parts Thereof, of Iron or Steel in Uganda

Price for Chain and Parts Thereof, of Iron or Steel in Uganda (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $2,914 per ton in 2022, which is down by -25.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 187%. As a result, import price attained the peak level of $3,945 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,529 per ton), while the price for China ($1,238 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chain and Parts Thereof, of Iron or Steel in Uganda (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $2,247 per ton, increasing by 50% against the previous year. Overall, the export price posted a notable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($2,258 per ton), while the average price for exports to Burundi ($1,909 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 South Sudan (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Uganda

In 2022, purchases abroad of chain and parts thereof, of iron or steel was finally on the rise to reach 825 tons after two years of decline. Overall, imports, however, faced a significant decline.

In value terms, imports of chain and parts thereof, of iron or steel soared to $2.4M in 2022. Over the period under review, imports saw a modest increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Uganda in 2022:

1. China (572.0 tons)
2. India (223.5 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Uganda

In 2022, exports of chain and parts thereof, of iron or steel from Uganda contracted sharply to 35 tons, dropping by -89.2% on the previous year's figure. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 5,603%. As a result, the exports reached the peak of 326 tons, and then declined markedly in the following year.

In value terms, exports of chain and parts thereof, of iron or steel dropped markedly to $79K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 8,349%. As a result, the exports attained the peak of $489K, and then reduced notably in the following year.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Uganda in 2022:

1. South Sudan (23.5 tons)
2. Democratic Republic of the Congo (11.2 tons)

Source: IndexBox Market Intelligence Platform