Uganda: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Uganda

The Ugandan cold-rolled steel products market surged to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a dramatic descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cold-Rolled Steel Products Exports

Exports from Uganda

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) exported from Uganda contracted modestly to X tons, leveling off at 2021 figures. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cold-rolled steel products exports reached $X in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Burundi (X tons) was the main destination for cold-rolled steel products exports from Uganda, accounting for a X% share of total exports. Moreover, cold-rolled steel products exports to Burundi exceeded the volume sent to the second major destination, Rwanda (X tons), twofold. The third position in this ranking was taken by Sudan (X tons), with a X% share.

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

In value terms, Rwanda ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Uganda, comprising X% of total exports. The second position in the ranking was held by Burundi ($X), with a X% share of total exports. It was followed by Sudan, with an X% share.

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

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Uganda

Cold-rolled steel products imports into Uganda surged to X tons in 2022, growing by X% against 2021 figures. Overall, imports, however, faced a dramatic setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cold-rolled steel products imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kenya (X tons) constituted the largest supplier of cold-rolled steel products to Uganda, with a X% share of total imports. Moreover, cold-rolled steel products imports from Kenya exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by South Africa (X tons), with an X% share.

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

In value terms, Kenya ($X) constituted the largest supplier of flat-rolled products of iron or steel (not further worked than cold-rolled) to Uganda, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kenya stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated moderate growth 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. Based on 2022 figures, cold-rolled steel products import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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