Key Market Indicators
Uganda is projected to see a modest rise in zinc imports over the next five years. The demand for the mineral is expected to reach $13.7 million by 2026, up from $12.6 million in 2021. This is a 1.4% year-on-year average growth rate. Since 1999, the country's annual demand has dropped by 0.7% year-on-year. In 2021, Uganda ranked 70th, overtaken by Norway at $12.6 million. The United States, Germany and Belgium were numbers 2, 3 and 4 respectively in this ranking. Uganda is also set to see a mild growth in zinc exports over the next five years. The supply of the mineral is expected to reach $774,160 by 2026, up from $715,570 in 2021. This is a 1.3% year-on-year CAGR. Since 2000, the country's annual supply has decreased by 8.3% year-on-year. In 2021, Uganda ranked 72nd, overtaken by Estonia at $715,570. Belgium, Canada and Australia were numbers 2, 3 and 4 respectively in this ranking.
