Price for Wood; Statuettes and Other Ornaments of Wood in Uganda - 2022

Contents:

1. Price for Wood; Statuettes and Other Ornaments of Wood in Uganda (CIF) - 2022
2. Price for Wood; Statuettes and Other Ornaments of Wood in Uganda (FOB) - 2022
3. Imports of Wood; Statuettes and Other Ornaments of Wood in Uganda
4. Exports of Wood; Statuettes and Other Ornaments of Wood in Uganda

Price for Wood; Statuettes and Other Ornaments of Wood in Uganda (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $1,355 per ton in 2022, shrinking by -28.6% against the previous year. Overall, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 52%. The import price peaked at $3,853 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 South Africa ($4,872 per ton), while the price for China ($795 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Uganda (FOB) - 2022

The average export price for wood; statuettes and other ornaments of wood stood at $3,881 per ton in 2022, which is down by -11.7% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 108% against the previous year. As a result, the export price reached the peak level of $8,457 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to -0.5% per year.

Imports of Wood; Statuettes and Other Ornaments of Wood in Uganda

In 2022, the amount of wood; statuettes and other ornaments of wood imported into Uganda declined significantly to 21 tons, falling by -74.7% on the previous year's figure. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 294% against the previous year. As a result, imports reached the peak of 83 tons, and then declined notably in the following year.

In value terms, imports of wood; statuettes and other ornaments of wood shrank markedly to $29K in 2022. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 363%. As a result, imports reached the peak of $158K, and then contracted rapidly in the following year.

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Uganda in 2022:

1. Kenya (16.2 tons)
2. China (3.7 tons)
3. United Kingdom (0.6 tons)
4. South Africa (0.5 tons)

Exports of Wood; Statuettes and Other Ornaments of Wood in Uganda

In 2022, after two years of decline, there was significant growth in shipments abroad of wood; statuettes and other ornaments of wood, when their volume increased by 354% to 767 kg. Overall, exports, however, saw a sharp shrinkage.

In value terms, exports of wood; statuettes and other ornaments of wood soared to $3K in 2022. Over the period under review, exports, however, faced a precipitous slump.

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Uganda in 2022:

1. United States (767.0 kg)

Source: IndexBox Market Intelligence Platform