Uganda: Lock And Key Market 2024

Lock And Key Market Size in Uganda

The Ugandan lock and key market declined to $X in 2023, which is down by 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). Over the period under review, consumption, however, saw a resilient increase. Lock and key consumption peaked at $X in 2022, and then shrank in the following year.

Lock And Key Exports

Exports from Uganda

In 2023, overseas shipments of padlocks, locks and keys of base metal increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, lock and key exports soared to $X in 2023. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Namibia (X tons) and the UK (X tons) were the main destinations of lock and key exports from Uganda, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lock and key exported from Uganda were Democratic Republic of the Congo ($X), the UK ($X) and Kenya ($X), together accounting for X% of total exports.

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

Export Prices by Country

In 2023, the average lock and key export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Uganda

In 2023, approx. X tons of padlocks, locks and keys of base metal were imported into Uganda; declining by X% compared with the previous year's figure. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2022, and then fell in the following year.

In value terms, lock and key imports fell to $X in 2023. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest lock and key supplier to Uganda, with a X% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Uganda, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average lock and key import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price showed a perceptible slump. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform