Report Update: May 6, 2024

Uganda - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights

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Petroleum Bitumen Price in Uganda - 2022

Petroleum Bitumen Price in Uganda (CIF) - 2022

In 2022, the average petroleum bitumen import price amounted to $406 per ton, rising by 2.4% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. The import price peaked at $612 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Saudi Arabia ($622 per ton), while the price for Kenya ($67 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.9%), while the prices for the other major suppliers experienced a decline.

Petroleum Bitumen Price in Uganda (FOB) - 2022

In 2022, the average petroleum bitumen export price amounted to $616 per ton, standing approx. at the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum bitumen export price decreased by -29.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 28%. As a result, the export price reached the peak level of $870 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($2,931 per ton), while the average price for exports to Tanzania ($301 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 Rwanda (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

Petroleum Bitumen Imports in Uganda

Petroleum bitumen imports into Uganda dropped significantly to 6.9K tons in 2022, falling by -46.1% against the previous year's figure. Overall, imports saw a significant contraction. The pace of growth was the most pronounced in 2021 when imports increased by 94%.

In value terms, petroleum bitumen imports reduced dramatically to $2.8M in 2022. In general, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 127% against the previous year.

Import of Petroleum Bitumen in Uganda (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	872	225	2,119	1,251	12.8%
Iran	1,944	577	142	591	-32.8%
Italy	425	401	621	294	-11.6%
Saudi Arabia	378	153	218	154	-25.9%
Singapore	218	71.6	83.5	48.0	-39.6%
Poland	416	92.9	294	39.5	-54.4%
Kenya	3.3	60.9	144	36.3	122.4%
Hungary	83.1	58.6	52.3	20.5	-37.3%
Others	2,239	590	1,384	355	-45.9%
Total	6,580	2,229	5,058	2,790	-24.9%

Top Suppliers of Petroleum Bitumen to Uganda in 2022:

United Arab Emirates (2839.2 tons)
Iran (1596.9 tons)
Italy (589.2 tons)
Kenya (539.2 tons)
Saudi Arabia (247.3 tons)
Singapore (188.9 tons)
Hungary (104.2 tons)
Poland (66.8 tons)

Petroleum Bitumen Exports in Uganda

Petroleum bitumen exports from Uganda reached 89 tons in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 144%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, petroleum bitumen exports amounted to $55K in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Petroleum Bitumen in Uganda (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Democratic Republic of the Congo	10.8	14.9	33.2	34.1	46.7%
Tanzania	15.5	15.1	18.6	17.4	3.9%
Others	1.4	1.7	2.8	3.4	34.4%
Total	27.7	31.7	54.6	54.9	25.6%

Top Export Markets for Petroleum Bitumen from Uganda in 2022:

Tanzania (57.6 tons)
Democratic Republic of the Congo (30.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the petroleum bitumen 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:

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023