$Uganda - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: May 3, 2024

Uganda - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Latex Rubber Price in Uganda - 2022

Synthetic Latex Rubber Price in Uganda (CIF) - 2022

In 2022, the average synthetic latex rubber import price amounted to $2,836 per ton, increasing by 54% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic latex rubber import price increased by +111.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 61%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,959 per ton), while the price for China ($1,074 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Latex Rubber Price in Uganda (FOB) - 2022

The average synthetic latex rubber export price stood at $3,308 per ton in 2022, shrinking by -3.5% against the previous year. Over the period under review, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 an increase of 172%. The export price peaked at $19,000 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Burundi.

From 2012 to 2022, the rate of growth in terms of prices for Burundi amounted to +14.0% per year.

Synthetic Latex Rubber Imports in Uganda

In 2022, purchases abroad of synthetic latex rubber decreased by -27.3% to 13 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. As a result, imports attained the peak of 43 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic latex rubber imports expanded remarkably to $38K in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2020 when imports increased by 111%. As a result, imports attained the peak of $68K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Synthetic Latex Rubber in Uganda (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	10.3	25.9	18.0	21.8	28.4%
India	3.6	3.0	8.0	8.0	30.5%
Italy	5.4	0.4	2.5	3.1	-16.9%
United Arab Emirates	0.4	1.2	2.5	2.5	84.2%
Kenya	0.2	1.2	1.7	1.7	104.1%
China	0.2	0.6	0.7	0.7	51.8%
United States	N/A	36.0	N/A	N/A	0%
Japan	6.2	N/A	N/A	N/A	0%
Others	6.1	N/A	0.4	N/A	-74.4%
Total	32.4	68.2	33.8	37.9	5.4%

Top Suppliers of Synthetic Latex Rubber to Uganda in 2022:

South Africa (9.3 tons)
India (1.9 tons)
United Arab Emirates (0.7 tons)
China (0.7 tons)
Italy (0.4 tons)
Kenya (0.3 tons)

Synthetic Latex Rubber Exports in Uganda

After three years of growth, overseas shipments of synthetic latex rubber decreased by -97.6% to 26 kg in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 12,167% against the previous year. As a result, the exports attained the peak of 1.1 tons, and then declined significantly in the following year.

In value terms, synthetic latex rubber exports contracted significantly to $86 in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3,538%. As a result, the exports attained the peak of $3.8K, and then declined sharply in the following year.

Export of Synthetic Latex Rubber in Uganda (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Burundi	114	104	3,155	86.0	-9.0%
France	N/A	N/A	613	N/A	0%
Senegal	N/A	N/A	16.0	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	114	104	3,784	86.0	-9.0%

Top Export Markets for Synthetic Latex Rubber from Uganda in 2022:

Burundi (26.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber 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:

Prodcom 20171050 - Synthetic latex rubber

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