Uganda Petroleum Products Market Size (2024 - 2029)

The Uganda petroleum products market is poised for growth, driven by increased consumption for commercial purposes and a rise in transportation services. Despite the negative impact of the COVID-19 pandemic, which led to a decline in demand due to reduced economic activities, the market's expansion potential remains significant. Diesel is anticipated to see high consumption due to its extensive use in sectors such as road, railway, and fishery industries. However, the market's growth is challenged by the country's heavy reliance on wood fuel, which constitutes a major portion of its energy consumption. Opportunities for market expansion exist, contingent upon supportive government policies and frameworks for downstream operations.

Home Market Analysis Energy & Power Research Oil and Gas Research Downstream Research Refined Petroleum Products Research Uganda Petroleum Products Market Market Size

Market Size of Uganda Petroleum Products Industry

Uganda Petroleum Products Market - Market Overview
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 3.10 %
Market Concentration Low

Major Players

Uganda Petroleum Products Market Major Players

*Disclaimer: Major Players sorted in no particular order

Uganda Petroleum Products Market Analysis

The Uganda petroleum products market is expected to grow at a CAGR of around 3.1% during the forecast period. Due to the COVID-19 pandemic, the market witnessed a significant negative impact with a drop in demand for petroleum products due to the decline of economic activities in the country. Factors like growth in consumption of petroleum products for various commercial purposes like fishery are likely to propel the market. However, dominant reliance on wood fuel is expected to hinder the market growth during the forecast period.

  • Diesel is likely to have high consumption during the forecast period on account of wide applications like road, railway, and fishery industry.
  • Uganda is highly dependent upon wood fuel. Nearly 93% of the energy comes from wood fuel, the rest 5% comes from petroleum products, and 1.5% comes from hydro power. Hence, petroleum products companies operating in the country have ample opportunity for expansion if the government offers legal and institutional framework for downstream operations.
  • An increase in transportation services is expected to propel the market during the forecast period.

Uganda Petroleum Products Industry Segmentation

Uganda Petroleum Products Market includes:

Type
Gasoline
Diesel
Jet Fuel
Kerosene
Liquefied Petroleum Gas
End-User
Transport
Residential
Commercial
Fishery
Others
Need A Different Region Or Segment?
Customize Now

Uganda Petroleum Products Market Size Summary

The Uganda petroleum products market is poised for growth, driven by an anticipated increase in consumption across various sectors, particularly in transportation. Despite the initial setback due to the COVID-19 pandemic, which led to a decline in demand, the market is expected to recover and expand, supported by the growing need for diesel in the road, railway, and fishery industries. The transport sector remains the largest consumer of fossil fuels, with automobiles and domestic aviation leading the demand. The upcoming projects in the railway sector and the expected rise in automobile ownership, fueled by increasing per capita income, are set to further boost the market. However, the market's growth is somewhat constrained by the country's heavy reliance on wood fuel, which accounts for a significant portion of Uganda's energy consumption.

The lack of local oil refineries necessitates the import of petroleum products from countries like Kenya, China, and the United Arab Emirates, presenting both a challenge and an opportunity for market players. The potential commissioning of Uganda's first oil refinery by 2027 is expected to alleviate some of the domestic demand pressures. The market is characterized by fragmentation, with key players such as Vivo Energy Uganda Ltd, TotalEnergies SE, and Nile Energy Limited actively participating. Strategic moves, like Uganda's plan to revive oil product imports via Tanzania, aim to diversify supply routes and mitigate disruptions. Overall, the market's growth trajectory is supported by infrastructural developments and strategic initiatives, despite the challenges posed by its current energy dependency.

Explore More

Uganda Petroleum Products Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Petroleum Products Consumption and Forecast in billion liters, till 2027

    3. 1.3 Petroleum Products Import, in billion liters, till 2020

    4. 1.4 Recent Trends and Developments

    5. 1.5 Government Policies and Regulations

    6. 1.6 Market Dynamics

      1. 1.6.1 Drivers

      2. 1.6.2 Restraints

    7. 1.7 Supply Chain Analysis

    8. 1.8 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Gasoline

      2. 2.1.2 Diesel

      3. 2.1.3 Jet Fuel

      4. 2.1.4 Kerosene

      5. 2.1.5 Liquefied Petroleum Gas

    2. 2.2 End-User

      1. 2.2.1 Transport

      2. 2.2.2 Residential

      3. 2.2.3 Commercial

      4. 2.2.4 Fishery

      5. 2.2.5 Others

Uganda Petroleum Products Market Size FAQs

The Uganda Petroleum Products Market is projected to register a CAGR of greater than 3.10% during the forecast period (2024-2029)

Vivo Energy Uganda Ltd, TotalEnergies SE, Nile Energy Limited, Stabex International Limited and Hass Petroleum (U) Limited are the major companies operating in the Uganda Petroleum Products Market.

Uganda Petroleum Products Market Report Snapshots

Uganda Petroleum Products Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)