Uganda: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Uganda

In 2022, the Ugandan natural bitumen and asphalt market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a slight reduction. Natural bitumen and asphalt consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Natural Bitumen and Asphalt

Exports from Uganda

In 2022, shipments abroad of natural bitumen and asphalt increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports surged to $X in 2022. Overall, exports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Rwanda (X tons) was the main destination for natural bitumen and asphalt exports from Uganda, with a X% share of total exports. Moreover, natural bitumen and asphalt exports to Rwanda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Rwanda totaled 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 France (X% per year).

In value terms, Rwanda ($X), Democratic Republic of the Congo ($X) and France ($X) were the largest markets for natural bitumen and asphalt exported from Uganda worldwide, together accounting for X% of total exports. The UK and South Africa lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average natural bitumen and asphalt export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to South Africa ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Bitumen and Asphalt

Imports into Uganda

Natural bitumen and asphalt imports into Uganda rose modestly to X tons in 2022, picking up by X% on the previous year. Overall, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, natural bitumen and asphalt imports shrank notably to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest natural bitumen and asphalt supplier to Uganda, with a X% share of total imports. Moreover, natural bitumen and asphalt imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Iran (X tons), twofold. The third position in this ranking was held by Bahrain (X tons), with an X% share.

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

In value terms, the United Arab Emirates ($X) constituted the largest supplier of natural bitumen and asphalt to Uganda, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

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

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price, however, enjoyed a measured increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :