Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,061 per ton, waning by -12.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 64% against the previous year. Over the period under review, the average export prices reached the maximum at $1,213 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for South Sudan.
From 2012 to 2022, the rate of growth in terms of prices for South Sudan amounted to +0.6% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,875 per ton in 2022, dropping by -8.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 an increase of 41%. The import price peaked at $2,698 per ton in 2014; however, from 2015 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 India ($2,698 per ton), while the price for China ($103 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda
In 2022, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -35.4% to 9.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 242% against the previous year. As a result, the exports reached the peak of 29 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell dramatically to $10K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 461% against the previous year. As a result, the exports attained the peak of $26K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 4.6 | 25.7 | 17.9 | 10.1 | 30.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.6 | 25.7 | 17.9 | 10.1 | 30.0% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Uganda in 2022:
- South Sudan (9.5 tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda
For the third year in a row, Uganda recorded decline in overseas purchases of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -12.7% to 967 kg in 2022. In general, imports faced a deep contraction.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s dropped markedly to $1.8K in 2022. Over the period under review, imports showed a dramatic setback. The smallest decline of -20% was in 2020.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,095 | 2,499 | 2,043 | 1,592 | -19.9% |
| United Arab Emirates | 376 | 311 | 217 | 190 | -20.3% |
| China | 70.0 | 24.0 | 3.0 | 31.0 | -23.8% |
| Others | N/A | N/A | 3.0 | N/A | 0% |
| Total | 3,541 | 2,834 | 2,266 | 1,813 | -20.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Uganda in 2022:
- India (590.0 kg)
- China (300.0 kg)
- United Arab Emirates (77.0 kg)
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