Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $3.7 per unit, dropping by -7.6% against the previous year. Over the period under review, the import price, however, saw buoyant growth. The growth pace was the most rapid in 2020 an increase of 247%. Over the period under review, average import prices reached the peak figure at $4 per unit in 2021, and then declined 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 Turkey ($19 per unit), while the price for Kenya ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $2.7 per unit, with a decrease of -33.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 228%. The export price peaked at $34 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +9.4% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda

In 2022, approx. 94K units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into Uganda; rising by 19% compared with the year before. Over the period under review, imports, however, continue to indicate a noticeable downturn. Imports peaked at 111K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones amounted to $349K in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 265%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Uganda in 2022:

1. China (7.2K units)
2. Kenya (0.7K units)
3. Germany (0.6K units)
4. India (0.4K units)
5. United Kingdom (0.3K units)
6. Turkey (0.2K units)
7. Taiwan (Chinese) (0.2K units)
8. United Arab Emirates (0.2K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Uganda

For the fourth consecutive year, Uganda recorded growth in overseas shipments of millstones, grindstones, grinding wheels and the like; of natural stones, which increased by 227% to 324 units in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 392% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $864 in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 812%. As a result, the exports reached the peak of $2K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Uganda in 2022:

1. Rwanda (324.0 units)

Source: IndexBox Market Intelligence Platform