Ethiopia: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Ethiopia

After three years of growth, the Ethiopian market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by X% to $X in 2023. Overall, consumption, however, saw significant growth. Over the period under review, the market hit record highs at $X in 2022, and then contracted remarkably in the following year.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports from Ethiopia

In 2023, approx. X square meters of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders were exported from Ethiopia; declining by X% against the previous year. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X square meters in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders fell sharply to $X in 2023. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Djibouti (X square meters) was the main destination for exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders from Ethiopia, with a X% share of total exports. Moreover, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Djibouti exceeded the volume sent to the second major destination, Turkey (X square meters), eightfold.

From 2012 to 2023, the average annual growth rate of volume to Djibouti amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, Djibouti ($X) remains the key foreign market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Djibouti stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the average export price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per square meter, declining by X% against the previous year. Over the period under review, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

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

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports into Ethiopia

In 2023, overseas purchases of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by X% to X square meters for the first time since 2015, thus ending a seven-year rising trend. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of hit record highs at X square meters in 2022, and then declined remarkably in the following year.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders shrank notably to $X in 2023. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then contracted sharply in the following year.

Imports by Country

China (X square meters), Egypt (X square meters) and Thailand (X square meters) were the main suppliers of imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Ethiopia, together accounting for X% of total imports. Spain, Saudi Arabia, Belgium and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the average import price for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2016 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Thailand ($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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform