Uganda: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Uganda

The Ugandan machine-tool for drilling market reduced slightly to $X in 2022, leveling off at the previous year. Overall, consumption, however, continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Machine-Tool For Drilling Production in Uganda

In value terms, machine-tool for drilling production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Uganda

In 2022, exports of machine-tools for drilling, boring or milling metal from Uganda reached X units, approximately mirroring the previous year's figure. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for drilling exports fell slightly to $X in 2022. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell modestly in the following year.

Exports by Country

Tanzania (X units) was the main destination for machine-tool for drilling exports from Uganda, accounting for a X% share of total exports. Moreover, machine-tool for drilling exports to Tanzania exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania totaled X%.

In value terms, Tanzania ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Uganda, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Tanzania stood at 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 Sudan (X% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, export price indicated a slight 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. Based on 2022 figures, machine-tool for drilling export price increased by X% against 2018 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then reduced modestly in the following year.

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 Democratic Republic of the Congo ($X per unit), while the average price for exports to Tanzania totaled $X per unit.

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.

Machine-Tool For Drilling Imports

Imports into Uganda

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported into Uganda; surging by X% on the year before. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, machine-tool for drilling imports expanded significantly to $X in 2022. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) was the main supplier of machine-tool for drilling to Uganda, accounting for a X% share of total imports. Moreover, machine-tool for drilling imports from South Africa exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. Italy (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X), China ($X) and the United States ($X) were the largest machine-tool for drilling suppliers to Uganda, together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per unit 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 China ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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