Uganda - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Uganda - 2022
Contents:
- Banana Price in Uganda (FOB) - 2022
- Banana Price in Uganda (CIF) - 2022
- Banana Exports in Uganda
- Banana Imports in Uganda
Banana Price in Uganda (FOB) - 2022
In 2022, the average banana export price amounted to $454 per ton, which is down by -49.4% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,163 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($2,019 per ton), while the average price for exports to Rwanda ($73 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 Canada (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Banana Price in Uganda (CIF) - 2022
The average banana import price stood at $783 per ton in 2022, surging by 3.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2014 when the average import price increased by 191% against the previous year. As a result, import price attained the peak level of $3,809 per ton. From 2015 to 2022, 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 Kenya ($6,500 per ton), while the price for South Africa amounted to $668 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (+130.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Banana Exports in Uganda
Banana exports from Uganda skyrocketed to 1.3K tons in 2022, rising by 155% compared with the year before. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 168%. As a result, the exports attained the peak of 2.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, banana exports surged to $578K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $707K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Banana in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 113 | 228 | 158 | 185 | 17.9% |
| Kenya | 45.9 | 162 | 22.6 | 82.4 | 21.5% |
| Germany | 37.1 | 86.1 | 78.2 | 78.6 | 28.4% |
| Switzerland | 26.4 | 58.9 | 51.3 | 52.0 | 25.4% |
| Czech Republic | 8.2 | 6.8 | 38.0 | 36.2 | 64.0% |
| United States | 7.9 | 19.2 | 22.0 | 26.8 | 50.3% |
| Australia | 4.5 | 18.7 | 20.4 | 24.8 | 76.6% |
| United Arab Emirates | 4.2 | 34.1 | 12.3 | 15.3 | 53.9% |
| Oman | 0.8 | 3.0 | 6.5 | 7.9 | 114.5% |
| Rwanda | 0.3 | 1.2 | 1.5 | 5.3 | 160.4% |
| South Sudan | 4.7 | 6.6 | 2.5 | 3.9 | -6.0% |
| United Kingdom | 165 | 35.4 | 2.9 | 3.6 | -72.1% |
| Others | 15.8 | 47.0 | 31.9 | 55.7 | 52.2% |
| Total | 433 | 707 | 448 | 578 | 10.1% |
Top Export Markets for Banana from Uganda in 2022:
- Kenya (723.8 tons)
- Canada (135.4 tons)
- Rwanda (72.8 tons)
- Germany (56.5 tons)
- United Arab Emirates (54.9 tons)
- United States (41.8 tons)
- Australia (37.4 tons)
- Switzerland (25.8 tons)
- Czech Republic (23.6 tons)
- Oman (23.1 tons)
- South Sudan (16.4 tons)
- United Kingdom (4.0 tons)
Banana Imports in Uganda
In 2022, overseas purchases of bananas were finally on the rise to reach 810 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a sharp contraction.
In value terms, banana imports soared to $634 in 2022. Overall, imports, however, recorded a abrupt curtailment.
| Import of Banana in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 677 | 386 | 350 | 530 | -7.8% |
| Kenya | 475 | 45.0 | 82.0 | 104 | -39.7% |
| Nigeria | N/A | 100 | N/A | N/A | 0% |
| United Kingdom | 66.0 | N/A | N/A | N/A | 0% |
| United States | N/A | 243 | N/A | N/A | 0% |
| Others | N/A | 62.0 | N/A | N/A | 0% |
| Total | 1,218 | 836 | 432 | 634 | -19.6% |
Top Suppliers of Banana to Uganda in 2022:
- South Africa (794.0 kg)
- Kenya (16.0 kg)
This report provides an in-depth analysis of the banana market in Uganda. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 486 - Bananas
Country coverage:
- Uganda
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Uganda
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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