Uganda: Woolen Fabric Market 2024

Woolen Fabric Market Size in Uganda

The Ugandan woolen fabric market rose modestly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Woolen fabric consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Woolen Fabric Production in Uganda

In value terms, woolen fabric production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Woolen fabric production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Woolen Fabric Exports

Exports from Uganda

In 2023, after three years of growth, there was significant decline in overseas shipments of woven woolen fabrics, when their volume decreased by X% to X square meters. In general, exports showed a noticeable setback. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters, and then declined markedly in the following year.

In value terms, woolen fabric exports declined sharply to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Rwanda (X square meters) was the main destination for woolen fabric exports from Uganda, with a X% share of total exports. Moreover, woolen fabric exports to Rwanda exceeded the volume sent to the second major destination, Burundi (X square meters), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Rwanda amounted to X%.

In value terms, Rwanda ($X) remains the key foreign market for woven woolen fabrics exports from Uganda, comprising X% of total exports. The second position in the ranking was taken by Burundi ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Rwanda stood at X%.

Export Prices by Country

In 2023, the average woolen fabric export price amounted to $X per square meter, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter, and then dropped in the following year.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Rwanda ($X per square meter), while the average price for exports to Burundi totaled $X per square meter.

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

Woolen Fabric Imports

Imports into Uganda

In 2023, purchases abroad of woven woolen fabrics decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a noticeable contraction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, woolen fabric imports stood at $X in 2023. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

India (X square meters), China (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of woolen fabric imports to Uganda, together comprising X% of total imports. Egypt, Kenya, the UK and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest woolen fabric suppliers to Uganda were India ($X), Egypt ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

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

Import Prices by Country

The average woolen fabric import price stood at $X per square meter in 2023, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared 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 square meter. 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 ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform