Price for Safety Pins and Other Pins; of Iron or Steel in Uganda - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Uganda (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Uganda (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Uganda
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Uganda

Price for Safety Pins and Other Pins; of Iron or Steel in Uganda (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $3,884 per ton in 2022, which is down by -7.6% against the previous year. In general, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of 67% against the previous year. Over the period under review, average import prices hit record highs at $8,671 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,065 per ton), while the price for the United Arab Emirates ($2,709 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Safety Pins and Other Pins; of Iron or Steel in Uganda (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $6,333 per ton, with an increase of 30% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $40,826 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($7,200 per ton), while the average price for exports to Rwanda totaled $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (-11.8%), while the prices for the other major destinations experienced a decline.

Imports of Safety Pins and Other Pins; of Iron or Steel in Uganda

In 2022, approx. 5.7 tons of safety pins and other pins; of iron or steels were imported into Uganda; jumping by 579% against the previous year's figure. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels skyrocketed to $22K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Uganda in 2022:

1. China (4.9 tons)
2. United Arab Emirates (0.3 tons)
3. Germany (0.2 tons)
4. South Africa (0.2 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Uganda

In 2022, the amount of safety pins and other pins; of iron or steels exported from Uganda plummeted to 6 kg, reducing by -90.2% compared with the previous year. Over the period under review, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 510%. As a result, the exports attained the peak of 61 kg, and then contracted significantly in the following year.

In value terms, exports of safety pins and other pins; of iron or steels reduced sharply to $38 in 2022. In general, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 403% against the previous year. As a result, the exports reached the peak of $297, and then declined dramatically in the following year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Uganda in 2022:

1. Democratic Republic of the Congo (5.0 kg)
2. Rwanda (1.0 kg)

Source: IndexBox Market Intelligence Platform