Price for Lubricating Preparations Not for the Treatment of Materials in Uganda - 2022

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in Uganda (CIF) - 2022
2. Price for Lubricating Preparations Not for the Treatment of Materials in Uganda (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in Uganda
4. Exports of Lubricating Preparations Not for the Treatment of Materials in Uganda

Price for Lubricating Preparations Not for the Treatment of Materials in Uganda (CIF) - 2022

The average import price for lubricating preparations not for the treatment of materials stood at $8,396 per ton in 2022, picking up by 279% against the previous year. Overall, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.3% per year.

Price for Lubricating Preparations Not for the Treatment of Materials in Uganda (FOB) - 2022

In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $3,697 per ton, with an increase of 46% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 74%. The export price peaked at $6,045 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +111.9% per year.

Imports of Lubricating Preparations Not for the Treatment of Materials in Uganda

For the third consecutive year, Uganda recorded decline in purchases abroad of lubricating preparations not for the treatment of materials, which decreased by -47.2% to 608 tons in 2022. Over the period under review, imports recorded a precipitous shrinkage. The smallest decline of -31.2% was in 2021.

In value terms, imports of lubricating preparations not for the treatment of materials soared to $5.1M in 2022. In general, imports saw a slight setback.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Uganda in 2022:

1. United Arab Emirates (607.9 tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Uganda

In 2022, shipments abroad of lubricating preparations not for the treatment of materials decreased by -20.8% to 178 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. As a result, the exports reached the peak of 246 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of lubricating preparations not for the treatment of materials soared to $657K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. Over the period under review, the exports of lubricating preparations not for treatment of materials hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Uganda in 2022:

1. United Arab Emirates (177.6 tons)