Price for Stainless Steel in Ingots or Other Primary Forms in Uganda - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Uganda (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Uganda (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Uganda
- Imports of Stainless Steel in Ingots or Other Primary Forms in Uganda
Price for Stainless Steel in Ingots or Other Primary Forms in Uganda (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $16,276 per ton, growing by 15% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $20,224 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($16,624 per ton), while the average price for exports to Democratic Republic of the Congo totaled $15,805 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (+32.1%).
Price for Stainless Steel in Ingots or Other Primary Forms in Uganda (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $5,007 per ton in 2022, reducing by -16.5% against the previous year. Over the period under review, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 55%. The import price peaked at $5,995 per ton in 2021, and then fell remarkably in the following year.
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 the UK ($60,000 per ton), while the price for the United Arab Emirates ($1,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+61.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Uganda
Exports of stainless steel in ingots or other primary forms from Uganda skyrocketed to 13 tons in 2022, jumping by 73% against 2021 figures. Over the period under review, exports, however, saw a deep slump.
In value terms, exports of stainless steel in ingots or other primary forms surged to $209K in 2022. Overall, exports, however, faced a deep slump.
| Export of Stainless Steel in Ingots or Other Primary Forms in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 245 | 0% |
| Rwanda | 318 | 312 | 182 | 1.8 | -82.2% |
| Others | N/A | N/A | -76.7 | -38.3 | -50.1% |
| Total | 318 | 312 | 105 | 209 | -13.1% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Uganda in 2022:
- Democratic Republic of the Congo (15.5 tons)
- Rwanda (0.1 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Uganda
In 2022, purchases abroad of stainless steel in ingots or other primary forms was finally on the rise to reach 669 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a sharp downturn.
In value terms, imports of stainless steel in ingots or other primary forms surged to $3.4K in 2022. In general, imports, however, recorded a precipitous shrinkage.
| Import of Stainless Steel in Ingots or Other Primary Forms in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.4 | 1.9 | 0.9 | 1.3 | -33.4% |
| China | 8.0 | 1.6 | 0.7 | 1.0 | -50.0% |
| India | 2.9 | 0.1 | 0.3 | 0.5 | -44.3% |
| United Kingdom | 21.6 | 0.5 | 0.1 | 0.4 | -73.5% |
| Kenya | 4.2 | 0.2 | 0.1 | 0.1 | -71.2% |
| United Arab Emirates | 1.2 | 0.1 | N/A | N/A | -91.7% |
| Taiwan (Chinese) | 1.8 | 0.1 | N/A | N/A | -94.4% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 44.1 | 4.5 | 2.2 | 3.4 | -57.4% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Uganda in 2022:
- China (531.0 kg)
- Netherlands (67.0 kg)
- India (29.0 kg)
- United Arab Emirates (19.0 kg)
- Kenya (12.0 kg)
- United Kingdom (7.0 kg)
- Taiwan (Chinese) (3.0 kg)
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