Uganda: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Uganda

The Ugandan plastic furniture fittings market expanded notably to $X in 2023, picking up by X% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Plastic furniture fittings consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Production in Uganda

In value terms, plastic furniture fittings production expanded remarkably to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Plastic furniture fittings production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Plastic Furniture Fittings Exports

Exports from Uganda

In 2023, the amount of plastic fittings for furniture exported from Uganda skyrocketed to X kg, rising by X% against 2022 figures. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, plastic furniture fittings exports dropped to $X in 2023. Over the period under review, exports, however, showed a sharp reduction. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa (X kg) was the main destination for plastic furniture fittings exports from Uganda, with a X% share of total exports. Moreover, plastic furniture fittings exports to South Africa exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to South Africa was relatively modest.

In value terms, the largest markets for plastic furniture fittings exported from Uganda were South Africa ($X) and Canada ($X).

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2023, the average plastic furniture fittings export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2022 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Fittings Imports

Imports into Uganda

Plastic furniture fittings imports into Uganda contracted sharply to X tons in 2023, with a decrease of X% against the year before. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, plastic furniture fittings imports fell markedly to $X in 2023. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest plastic furniture fittings supplier to Uganda, with a X% share of total imports. Moreover, plastic furniture fittings imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by the UK (X kg), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of plastic fittings for furniture to Uganda, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average plastic furniture fittings import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform