Price for Hot-Rolled Wire Rod in Coils in Uganda - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Uganda (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Uganda (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Uganda
- Exports of Hot-Rolled Wire Rod in Coils in Uganda
Price for Hot-Rolled Wire Rod in Coils in Uganda (CIF) - 2022
The average import price for hot-rolled wire rods in coils stood at $839 per ton in 2022, growing by 47% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +98.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($8,001 per ton), while the price for China ($561 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced a decline.
Price for Hot-Rolled Wire Rod in Coils in Uganda (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $580 per ton, reducing by -28.7% against the previous year. In general, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $883 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($1,543 per ton), while the average price for exports to Kenya ($577 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 Democratic Republic of the Congo (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Uganda
For the third year in a row, Uganda recorded decline in overseas purchases of hot-rolled wire rods in coils, which decreased by -88.1% to 1.9K tons in 2022. In general, imports saw a sharp reduction. The smallest decline of -21.4% was in 2021.
In value terms, hot-rolled wire rod in coils imports fell dramatically to $1.6M in 2022. Over the period under review, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 6.5%.
| Import of Hot-Rolled Wire Rod in Coils in Uganda (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 0.5 | 0.2 | 0.1 | 0.8 | 17.0% |
| China | 0.4 | 0.1 | N/A | 0.3 | -9.1% |
| Tanzania | N/A | N/A | N/A | 0.2 | 0% |
| Egypt | N/A | N/A | N/A | 0.1 | 0% |
| India | N/A | 0.4 | N/A | 0.1 | -50.0% |
| Malaysia | N/A | 1.1 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 2.0 | N/A | 0% |
| South Africa | 21.9 | 5.4 | 7.0 | N/A | -43.5% |
| Iran | N/A | 1.3 | N/A | N/A | 0% |
| Belarus | 0.8 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 24.1 | 8.5 | 9.1 | 1.6 | -59.5% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Uganda in 2022:
- Kenya (1045.5 tons)
- China (531.2 tons)
- India (178.6 tons)
- Egypt (102.2 tons)
- Tanzania (29.6 tons)
Exports of Hot-Rolled Wire Rod in Coils in Uganda
For the third consecutive year, Uganda recorded decline in shipments abroad of hot-rolled wire rods in coils, which decreased by -38% to 146 tons in 2022. In general, exports showed a sharp decrease. The smallest decline of -8.1% was in 2021.
In value terms, hot-rolled wire rod in coils exports fell remarkably to $85K in 2022. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -6% was in 2021.
| Export of Hot-Rolled Wire Rod in Coils in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 84.2 | 0% |
| Democratic Republic of the Congo | 352 | 204 | 192 | 0.4 | -89.6% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 352 | 204 | 192 | 84.8 | -37.8% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Uganda in 2022:
- Kenya (145.8 tons)
- Democratic Republic of the Congo (0.3 tons)
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