Price for Iron or Steel; Cast Articles in Uganda - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Uganda (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Uganda (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Uganda
4. Exports of Iron or Steel; Cast Articles in Uganda

Price for Iron or Steel; Cast Articles in Uganda (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $1,949 per ton in 2022, with an increase of 44% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles import price increased by +71.6% against 2018 indices. As a result, import price attained the peak level and is likely to continue 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 Kenya ($7,736 per ton), while the price for the UK ($1,071 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Uganda (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $1,897 per ton in 2022, reducing by -4.8% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 119%. Over the period under review, the average export prices hit record highs at $3,327 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +3.8% per year.

Imports of Iron or Steel; Cast Articles in Uganda

In 2022, the amount of iron or steel; cast articleses imported into Uganda fell significantly to 307 tons, which is down by -83.1% compared with 2021. Over the period under review, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of 1.8K tons, and then contracted significantly in the following year.

In value terms, iron or steel; cast articles imports reduced sharply to $598K in 2022. Overall, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, imports attained the peak of $2.5M, and then dropped notably in the following year.

Top Suppliers of Iron or Steel; Cast Articles to Uganda in 2022:

1. India (128.9 tons)
2. China (93.9 tons)
3. United Kingdom (48.6 tons)
4. Netherlands (18.0 tons)
5. United Arab Emirates (9.0 tons)

Exports of Iron or Steel; Cast Articles in Uganda

In 2022, approx. 7.8 tons of iron or steel; cast articleses were exported from Uganda; shrinking by -22.2% against the previous year's figure. Overall, exports saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 75%.

In value terms, iron or steel; cast articles exports contracted dramatically to $15K in 2022. In general, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 191%.

Top Export Markets for Iron or Steel; Cast Articles from Uganda in 2022:

1. South Sudan (7.8 tons)

Source: IndexBox Market Intelligence Platform