Uganda: Processed Meat Market 2024

Processed Meat Market Size in Uganda

The Ugandan processed meat market dropped to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Processed meat consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Processed Meat Production in Uganda

In value terms, processed meat production declined to $X in 2023 estimated in export price. Overall, production saw a pronounced descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Processed Meat Exports

Exports from Uganda

In 2023, overseas shipments of processed meat increased by X% to X tons for the first time since 2014, thus ending a eight-year declining trend. Over the period under review, exports, however, saw a significant decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, processed meat exports surged to $X in 2023. In general, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for processed meat exports from Uganda, accounting for a X% share of total exports. Moreover, processed meat exports to Vietnam exceeded the volume sent to the second major destination, South Sudan (X tons), fivefold. The third position in this ranking was taken by Somalia (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (X% per year) and Somalia (X% per year).

In value terms, South Sudan ($X), Vietnam ($X) and Somalia ($X) appeared to be the largest markets for processed meat exported from Uganda worldwide, together accounting for X% of total exports.

South Sudan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average processed meat export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the 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 ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced mixed trend patterns.

Processed Meat Imports

Imports into Uganda

In 2023, imports of processed meat into Uganda expanded remarkably to X tons, picking up by X% against the year before. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, processed meat imports expanded rapidly to $X in 2023. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Kenya (X tons) was the main supplier of processed meat to Uganda, accounting for a X% share of total imports. It was followed by Portugal (X tons), with a X% share of total imports. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Kenya amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and China (X% per year).

In value terms, Kenya ($X) constituted the largest supplier of processed meat to Uganda, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Kenya stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average processed meat import price amounted to $X per ton, almost unchanged from the previous year. Overall, import price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, processed meat import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform