Uganda: Hand Stamp Market 2024

Hand Stamp Market Size in Uganda

The Ugandan hand stamp market contracted remarkably to $X in 2022, shrinking 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). Overall, consumption, however, recorded strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Hand Stamp Exports

Exports from Uganda

After three years of growth, overseas shipments of stamps for use in the hand decreased by X% to X units in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined modestly in the following year.

In value terms, hand stamp exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Burundi (X units) was the main destination for hand stamp exports from Uganda, accounting for a X% share of total exports. Moreover, hand stamp exports to Burundi exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burundi 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 South Africa (X% per year).

In value terms, Burundi ($X) emerged as the key foreign market for stamps for use in the hand exports from Uganda, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burundi 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 South Africa (X% per year).

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (X%), while the prices for the other major destinations experienced a decline.

Hand Stamp Imports

Imports into Uganda

In 2022, the amount of stamps for use in the hand imported into Uganda shrank to X units, reducing by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, hand stamp imports declined markedly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kenya (X units) constituted the largest supplier of hand stamp to Uganda, accounting for a X% share of total imports. Moreover, hand stamp imports from Kenya exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was taken by the United Arab Emirates (X units), with a X% share.

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

In value terms, the largest hand stamp suppliers to Uganda were Taiwan (Chinese) ($X), Kenya ($X) and Austria ($X), together comprising X% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hand stamp import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Austria ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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