Uganda: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Uganda

The Ugandan iron or steel leaf-spring market totaled $X in 2022, approximately reflecting 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, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Iron or steel leaf-spring consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Uganda

In 2022, exports of iron or steel leaf-springs and leaves from Uganda fell dramatically to X tons, shrinking by X% against the year before. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, iron or steel leaf-spring exports reduced dramatically to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced markedly in the following year.

Exports by Country

South Sudan (X tons) was the main destination for iron or steel leaf-spring exports from Uganda, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan amounted to X%.

In value terms, South Sudan ($X) also remains the key foreign market for iron or steel leaf-springs and leaves exports from Uganda.

From 2012 to 2022, the average annual growth rate of value to South Sudan amounted to X%.

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Sudan.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to X% per year.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Uganda

In 2022, overseas purchases of iron or steel leaf-springs and leaves decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports shrank slightly to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Kenya (X tons) constituted the largest iron or steel leaf-spring supplier to Uganda, with a X% share of total imports. Moreover, iron or steel leaf-spring imports from Kenya exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a X% share.

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

In value terms, Kenya ($X), China ($X) and India ($X) constituted the largest iron or steel leaf-spring suppliers to Uganda, together accounting for X% of total imports.

In terms of the main suppliers, China, 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 a decline.

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Japan ($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 a decline.

Source: IndexBox Platform

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