Price for Steel, Stainless; Angles, Shapes and Sections in Uganda - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Uganda (FOB) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Uganda (CIF) - 2022
- Exports of Steel, Stainless; Angles, Shapes and Sections in Uganda
- Imports of Steel, Stainless; Angles, Shapes and Sections in Uganda
Price for Steel, Stainless; Angles, Shapes and Sections in Uganda (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $1,010 per ton, with a decrease of -70% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 161% against the previous year. As a result, the export price reached the peak level of $5,730 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($5,378 per ton), while the average price for exports to Rwanda ($203 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 Sudan (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Uganda (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $2,430 per ton, waning by -43.3% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 132% against the previous year. As a result, import price reached the peak level of $4,288 per ton, and then contracted markedly 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 the United Arab Emirates ($11,176 per ton), while the price for China ($1,608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Angles, Shapes and Sections in Uganda
After three years of growth, shipments abroad of steel, stainless decreased by -46.6% to 22 tons in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 228% against the previous year. As a result, the exports reached the peak of 42 tons, and then shrank sharply in the following year.
In value terms, exports of steel, stainless shrank markedly to $28K in 2022. Overall, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 195%. As a result, the exports attained the peak of $59K, and then reduced notably in the following year.
| Export of Steel, Stainless; Angles, Shapes and Sections in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 6.7 | 10.2 | 25.3 | 12.6 | 23.4% |
| Kenya | 5.3 | 5.8 | 23.6 | 12.3 | 32.4% |
| Democratic Republic of the Congo | 3.6 | 2.9 | 6.2 | 2.6 | -10.3% |
| Burundi | 1.6 | 1.1 | 2.0 | 0.7 | -24.1% |
| Others | N/A | N/A | 1.8 | N/A | 0% |
| Total | 17.2 | 20.0 | 59.0 | 28.3 | 18.1% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Uganda in 2022:
- Kenya (17.4 tons)
- South Sudan (2.3 tons)
- Democratic Republic of the Congo (1.9 tons)
- Burundi (0.8 tons)
Imports of Steel, Stainless; Angles, Shapes and Sections in Uganda
In 2022, approx. 11 tons of steel, stainless were imported into Uganda; growing by 9.2% compared with 2021. Over the period under review, imports, however, continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 41%.
In value terms, imports of steel, stainless skyrocketed to $28K in 2022. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.7 | 8.3 | 12.3 | 14.4 | -33.4% |
| Malaysia | 10.7 | 1.4 | 2.9 | 4.9 | -22.9% |
| United Arab Emirates | 1.3 | 0.3 | 0.3 | 2.8 | 29.1% |
| Kenya | 1.6 | 0.4 | 0.7 | 1.0 | -14.5% |
| Others | 7.9 | 2.2 | 3.7 | 4.5 | -17.1% |
| Total | 70.1 | 12.5 | 19.8 | 27.6 | -26.7% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Uganda in 2022:
- China (8.9 tons)
- Malaysia (1.4 tons)
- United Arab Emirates (0.3 tons)
- Kenya (0.3 tons)
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