Weaving Machines (Looms) Price in Uganda - 2022

Weaving Machines (Looms) Price in Uganda (CIF) - 2022

In 2022, the average weaving machines (looms) import price amounted to $11,459 per unit, surging by 9.2% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, weaving machines (looms) import price increased by +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 77%. As a result, import price reached the peak level of $14,804 per unit. From 2015 to 2022, the average 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 Italy ($179,521 per unit), while the price for Taiwan (Chinese) ($1,211 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Weaving Machines (Looms) Price in Uganda (FOB) - 2022

The average weaving machines (looms) export price stood at $3,190 per unit in 2022, falling by -11.3% against the previous year. Over the period under review, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2015 an increase of 727%. As a result, the export price reached the peak level of $5,769 per unit. From 2016 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 Kenya.

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +35.1% per year.

Weaving Machines (Looms) Imports in Uganda

Weaving machines (looms) imports into Uganda shrank markedly to 217 units in 2022, dropping by -15.6% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 414% against the previous year. As a result, imports attained the peak of 257 units, and then dropped sharply in the following year.

In value terms, weaving machines (looms) imports declined to $2.5M in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 725%. As a result, imports attained the peak of $2.7M, and then shrank in the following year.

Import of Weaving Machines (Looms) in Uganda (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	370	124	234	1,436	57.2%
China	955	88.2	1,674	695	-10.1%
Taiwan (Chinese)	94.8	53.1	235	218	32.0%
India	604	57.5	534	116	-42.3%
Others	9.1	4.7	20.2	21.4	33.0%
Total	2,033	327	2,697	2,487	6.9%

Top Suppliers of Weaving Machines (Looms) to Uganda in 2022:

Taiwan (Chinese) (180.0 units)
China (19.0 units)
Italy (8.0 units)
India (3.0 units)

Weaving Machines (Looms) Exports in Uganda

For the fourth consecutive year, Uganda recorded growth in overseas shipments of weaving machines (looms)s, which increased by 9.1% to 12 units in 2022. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 10%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, weaving machines (looms) exports fell slightly to $38K in 2022. Overall, exports, however, continue to indicate a pronounced contraction. The smallest decline of -3.2% was in 2020. The exports peaked at $42K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.