Bicycle Price in Uganda - 2022
Contents:
- Bicycle Price in Uganda (CIF) - 2022
- Bicycle Price in Uganda (FOB) - 2022
- Bicycle Imports in Uganda
- Bicycle Exports in Uganda
Bicycle Price in Uganda (CIF) - 2022
In 2022, the average bicycle import price amounted to $38 per unit, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The import price peaked in 2022 and is expected to retain 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 China ($68 per unit), while the price for Japan ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Price in Uganda (FOB) - 2022
The average bicycle export price stood at $27 per unit in 2022, waning by -3.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 121% against the previous year. Over the period under review, the average export prices reached the maximum at $70 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($49 per unit), while the average price for exports to the UK ($2.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.
Bicycle Imports in Uganda
In 2022, overseas purchases of bicycles and other cycles decreased by -33.7% to 85K units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 67%. Over the period under review, imports attained the maximum at 128K units in 2021, and then declined dramatically in the following year.
In value terms, bicycle imports dropped significantly to $3.2M in 2022. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 76%. Over the period under review, imports reached the maximum at $4.8M in 2021, and then contracted rapidly in the following year.
| Import of Bicycle in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 847 | 2,542 | 2,752 | 2,376 | 41.0% |
| China | 511 | 548 | 797 | 460 | -3.4% |
| Japan | 337 | 428 | 397 | 159 | -22.2% |
| United States | 22.8 | 25.9 | 48.4 | 47.1 | 27.4% |
| United Arab Emirates | 52.8 | 81.0 | 101 | 35.9 | -12.1% |
| South Korea | 350 | 247 | 428 | 16.7 | -63.7% |
| United Kingdom | 126 | 106 | 168 | 3.6 | -69.4% |
| Others | 40.3 | 46.1 | 76.8 | 87.5 | 29.5% |
| Total | 2,286 | 4,024 | 4,768 | 3,185 | 11.7% |
Top Suppliers of Bicycle to Uganda in 2022:
- India (56.9K units)
- Japan (12.8K units)
- China (6.8K units)
- United States (1.9K units)
- United Arab Emirates (1.7K units)
- South Korea (0.8K units)
- United Kingdom (0.3K units)
Bicycle Exports in Uganda
In 2022, shipments abroad of bicycles and other cycles was finally on the rise to reach 118 units after two years of decline. In general, exports, however, saw a sharp decrease. The exports peaked at 849 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bicycle exports soared to $3.2K in 2022. Overall, exports, however, continue to indicate a sharp descent. Over the period under review, the exports reached the peak figure at $37K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Bicycle in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 8.6 | 4.0 | 1.3 | 2.3 | -35.6% |
| Democratic Republic of the Congo | 19.3 | 3.8 | 0.3 | 0.5 | -70.4% |
| South Africa | N/A | 0.5 | N/A | 0.1 | -55.3% |
| Rwanda | 0.3 | 0.6 | N/A | 0.1 | -30.7% |
| Kenya | 0.2 | 0.5 | N/A | N/A | 150.0% |
| Burundi | 0.6 | 0.6 | N/A | N/A | 0.0% |
| United Kingdom | 1.3 | 0.2 | N/A | N/A | -84.6% |
| India | 0.2 | 1.0 | N/A | N/A | 400.0% |
| Ethiopia | 0.1 | 0.1 | N/A | N/A | 0.0% |
| United States | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 6.2 | 4.1 | 0.1 | 0.2 | -68.2% |
| Total | 36.9 | 15.6 | 1.8 | 3.2 | -55.7% |
Top Export Markets for Bicycle from Uganda in 2022:
- South Sudan (46.0 units)
- Democratic Republic of the Congo (31.0 units)
- United Kingdom (9.0 units)
- Rwanda (8.0 units)
- Kenya (4.0 units)
- Ethiopia (2.0 units)
- South Africa (2.0 units)
- United States (1.0 units)
- India (1.0 units)
- Burundi (1.0 units)
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