Price for Steel, Alloy; Angles, Shapes and Sections in Uganda - 2022
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Uganda (FOB) - 2022
- Price for Steel, Alloy; Angles, Shapes and Sections in Uganda (CIF) - 2022
- Exports of Steel, Alloy; Angles, Shapes and Sections in Uganda
- Imports of Steel, Alloy; Angles, Shapes and Sections in Uganda
Price for Steel, Alloy; Angles, Shapes and Sections in Uganda (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $685 per ton in 2022, remaining constant against the previous year. In general, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. The export price peaked at $1,199 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($2,030 per ton), while the average price for exports to Burundi ($586 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 Kenya (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Angles, Shapes and Sections in Uganda (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $1,161 per ton, rising by 75% against the previous year. In general, the import price continues to indicate notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,825 per ton), while the price for Kenya ($504 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Angles, Shapes and Sections in Uganda
For the fourth year in a row, Uganda recorded growth in overseas shipments of steel, alloy; angles, shapes and sectionses, which increased by 16% to 293 tons in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, alloy; angles, shapes and sectionses expanded remarkably to $201K in 2022. The total export value increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Steel, Alloy; Angles, Shapes and Sections in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | 87.9 | 101 | 122 | 143 | 17.6% |
| Rwanda | 22.5 | 23.4 | 25.5 | 27.1 | 6.4% |
| South Sudan | 14.8 | 16.0 | 18.2 | 20.2 | 10.9% |
| Democratic Republic of the Congo | 5.7 | 5.7 | 6.1 | 6.2 | 2.8% |
| Kenya | 4.1 | 4.1 | 4.3 | 4.3 | 1.6% |
| Others | N/A | 3.8 | N/A | N/A | 0% |
| Total | 135 | 154 | 176 | 201 | 14.2% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Uganda in 2022:
- Burundi (243.6 tons)
- South Sudan (27.8 tons)
- Rwanda (13.4 tons)
- Democratic Republic of the Congo (5.8 tons)
- Kenya (2.5 tons)
Imports of Steel, Alloy; Angles, Shapes and Sections in Uganda
In 2022, overseas purchases of steel, alloy; angles, shapes and sectionses decreased by -62.9% to 9 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 668%. As a result, imports attained the peak of 155 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, alloy; angles, shapes and sectionses contracted remarkably to $10K in 2022. Overall, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2020 when imports increased by 426%. As a result, imports attained the peak of $63K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Steel, Alloy; Angles, Shapes and Sections in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 55.9 | 9.8 | 4.8 | -3.9% |
| United Arab Emirates | 0.6 | 2.1 | 3.5 | 3.6 | 81.7% |
| India | 2.4 | 2.9 | 1.7 | 0.9 | -27.9% |
| Kenya | 2.8 | 1.1 | 0.7 | 0.4 | -47.7% |
| Others | 0.7 | 0.8 | 0.4 | 0.7 | 0.0% |
| Total | 11.9 | 62.8 | 16.1 | 10.4 | -4.4% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Uganda in 2022:
- China (4.7 tons)
- United Arab Emirates (2.3 tons)
- India (1.0 tons)
- Kenya (0.8 tons)
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