Uganda: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Uganda

In 2022, the Ugandan cranks and crankshafts market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, showed a slight curtailment. Cranks and crankshafts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Cranks And Crankshafts Exports

Exports from Uganda

Cranks and crankshafts exports from Uganda declined sharply to X tons in 2022, falling by X% compared with 2021. Overall, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports shrank significantly to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Sudan (X tons) was the main destination for cranks and crankshafts exports from Uganda, with a X% share of total exports. Moreover, cranks and crankshafts exports to South Sudan exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), twofold. Ukraine (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Sudan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Ukraine (X% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for cranks and crankshafts exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to South Sudan ($X 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 (X%), while the prices for the other major destinations experienced a decline.

Cranks And Crankshafts Imports

Imports into Uganda

After four years of decline, overseas purchases of cranks and crankshafts increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cranks and crankshafts imports stood at $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Kenya (X tons) were the main suppliers of cranks and crankshafts imports to Uganda, with a combined X% share of total imports. Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and Kenya ($X) were the largest cranks and crankshafts suppliers to Uganda, with a combined X% share of total imports. The United Arab Emirates and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cranks and crankshafts import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed tangible growth. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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