Price for Machines; Parts and Accessories, of Heading No. 8472 in Uganda - 2022

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Uganda (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Uganda (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Uganda
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Uganda

Price for Machines; Parts and Accessories, of Heading No. 8472 in Uganda (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $68,455 per ton, with an increase of 5.1% against the previous year. Overall, the import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2016 when the average import price increased by 99%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($295,150 per ton), while the price for Ukraine ($3,049 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Uganda (FOB) - 2022

In 2022, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $44,932 per ton, dropping by -27.2% against the previous year. Over the period under review, the export price, however, recorded measured growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 156%. Over the period under review, the average export prices reached the peak figure at $88,764 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($317,000 per ton), while the average price for exports to Burundi ($7,463 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 Democratic Republic of the Congo (+102.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Uganda

In 2022, after two years of decline, there was significant growth in supplies from abroad of machines; parts and accessories, of heading no. 8472, when their volume increased by 47% to 10 tons. In general, imports, however, continue to indicate a dramatic descent.

In value terms, imports of machines; parts and accessories, of heading no. 8472 skyrocketed to $686K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.2% against 2020 indices.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany29428872.93778.6%
Spain3.220.413098.6213.5%
Netherlands50.171.844.841.9-5.8%
China74.767.452.629.1-27.0%
Hungary7.245.816.426.053.4%
Philippines10.513.319.221.226.4%
South Korea5.524.714.214.237.2%
United Kingdom4.06.57.111.341.4%
United States11.31.70.99.6-5.3%
United Arab Emirates1.42.02.85.759.7%
India2.564.53.55.227.7%
Turkey1.41.61.72.012.6%
UkraineN/AN/AN/A1.10%
Others34.211677.942.87.8%
Total50072444468611.1%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Uganda in 2022:

  1. Germany (1829.0 kg)
  2. China (1799.0 kg)
  3. Netherlands (990.0 kg)
  4. India (904.0 kg)
  5. Philippines (687.0 kg)
  6. United Kingdom (634.0 kg)
  7. Turkey (586.0 kg)
  8. United States (414.0 kg)
  9. United Arab Emirates (393.0 kg)
  10. Hungary (347.0 kg)
  11. Ukraine (346.0 kg)
  12. Spain (334.0 kg)
  13. South Korea (181.0 kg)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Uganda

Exports of machines; parts and accessories, of heading no. 8472 from Uganda skyrocketed to 234 kg in 2022, increasing by 588% compared with 2021. Over the period under review, exports, however, continue to indicate a sharp reduction.

In value terms, exports of machines; parts and accessories, of heading no. 8472 surged to $11K in 2022. In general, exports, however, faced a precipitous decrease.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/AN/A8.00%
Netherlands3.80.51.11.5-26.6%
Burundi5.80.10.20.6-53.1%
Rwanda25.70.20.30.3-77.3%
Spain10.70.10.10.1-78.9%
Others0.30.10.4N/A15.5%
Total46.20.92.110.5-39.0%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Uganda in 2022:

  1. United Kingdom (144.0 kg)
  2. Burundi (80.0 kg)
  3. Netherlands (8.0 kg)
  4. Rwanda (1.0 kg)
  5. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform

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