Price for Steel, Alloy; Ingots and Other Primary Forms in Uganda - 2022
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Uganda (CIF) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Uganda
Price for Steel, Alloy; Ingots and Other Primary Forms in Uganda (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $7,106 per ton in 2022, jumping by 30% against the previous year. Over the period under review, the import price posted a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
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 Kenya ($7,588 per ton), while the price for India amounted to $1,476 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Uganda
Imports of steel, alloy; ingots and other primary formses into Uganda reduced markedly to 3.2 tons in 2022, waning by -54.9% on the previous year. Over the period under review, imports saw a precipitous setback. The smallest decline of -53.3% was in 2020.
In value terms, imports of steel, alloy; ingots and other primary formses fell markedly to $23K in 2022. Overall, imports saw a sharp decline. The smallest decline of -41.6% was in 2021.
Import of Steel, Alloy; Ingots and Other Primary Forms in Uganda (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kenya | 110 | 64.9 | 38.1 | 22.1 | -41.4% |
India | 2.5 | 1.1 | 0.4 | 0.4 | -45.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 113 | 66.0 | 38.5 | 22.5 | -41.6% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Uganda in 2022:
- Kenya (2.9 tons)
- India (0.3 tons)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Uganda.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
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