Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda - 2022
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $5,792 per ton in 2022, surging by 17% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals increased by +51.1% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($41,667 per ton), while the price for Tanzania ($1,127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $6,680 per ton, increasing by 12% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 83% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($10,100 per ton), while the average price for exports to Democratic Republic of the Congo ($4,000 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 Burundi (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda
Imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals into Uganda soared to 15 tons in 2022, growing by 61% on the previous year's figure. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 300%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $89K in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 305%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.9 | 4.1 | 17.7 | 21.0 | 38.5% |
| Kenya | N/A | 1.3 | 5.7 | 6.7 | 127.0% |
| India | 22.8 | 0.7 | 8.5 | 5.2 | -38.9% |
| Tanzania | 0.5 | 0.5 | 2.9 | 3.4 | 89.5% |
| China | 8.6 | 1.7 | 8.6 | 3.0 | -29.6% |
| Japan | 1.1 | N/A | 1.3 | 1.6 | 13.3% |
| Others | 2.5 | 3.3 | 3.0 | 48.5 | 168.7% |
| Total | 43.6 | 11.8 | 47.6 | 89.4 | 27.0% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Uganda in 2022:
- United Kingdom (4.8 tons)
- Tanzania (3.0 tons)
- China (1.2 tons)
- Kenya (0.9 tons)
- Japan (0.5 tons)
- India (0.5 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda
For the third year in a row, Uganda recorded decline in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which decreased by -6.7% to 391 kg in 2022. Over the period under review, exports saw a abrupt decline. The smallest decline of -6.7% was in 2021.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals reached $2.6K in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 4.7% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | 1.7 | 1.8 | 2.0 | 2.1 | 7.3% |
| Rwanda | 0.6 | 0.6 | 0.5 | 0.5 | -5.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 2.4 | 2.5 | 2.6 | 4.2% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Uganda in 2022:
- Burundi (339.0 kg)
- Rwanda (50.0 kg)
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