Uganda: Accumulator Market 2024

Accumulator Market Size in Uganda

After three years of growth, the Ugandan accumulator market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate noticeable growth. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Accumulator Exports

Exports from Uganda

In 2022, approx. X units of electric accumulators were exported from Uganda; dropping by X% compared with the previous year. Overall, exports, however, enjoyed modest growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, accumulator exports shrank rapidly to $X in 2022. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Sudan (X units) was the main destination for accumulator exports from Uganda, with a X% share of total exports. Moreover, accumulator exports to South Sudan exceeded the volume sent to the second major destination, Kenya (X units), fivefold. The third position in this ranking was held by Burundi (X units), with a X% share.

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

In value terms, the largest markets for accumulator exported from Uganda were Kenya ($X), South Sudan ($X) and Democratic Republic of the Congo ($X), with a combined X% share of total exports.

Among the main countries of destination, South Sudan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average accumulator export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to South Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accumulator Imports

Imports into Uganda

In 2022, supplies from abroad of electric accumulators decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, accumulator imports shrank to $X in 2022. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest accumulator supplier to Uganda, with a X% share of total imports. Moreover, accumulator imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Kenya (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Kenya (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electric accumulators to Uganda, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Kenya (X% per year).

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, growing by X% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 India ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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