Report Update: May 1, 2024

Ethiopia - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights

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Base Metal Closure Price in Ethiopia - 2022

Base Metal Closure Price in Ethiopia (CIF) - 2022

In 2022, the average base metal closure import price amounted to $3,090 per ton, picking up by 15% against the previous year. Overall, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 27%. The import price peaked at $6,614 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 India ($9,022 per ton), while the price for China ($2,452 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Base Metal Closure Price in Ethiopia (FOB) - 2022

In 2022, the average base metal closure export price amounted to $4,000 per ton, reducing by -61.3% against the previous year. Overall, the export price, however, posted measured growth. The growth pace was the most rapid in 2021 when the average export price increased by 522% against the previous year. As a result, the export price reached the peak level of $10,341 per ton, and then dropped notably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +3.3% per year.

Base Metal Closure Imports in Ethiopia

In 2022, approx. 802 tons of base metal closures, stoppers, caps and lids were imported into Ethiopia; rising by 16% on the previous year. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 277% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, base metal closure imports surged to $2.5M in 2022. Overall, imports showed a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of 114%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Base Metal Closure in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	587	118	1,129	1,773	44.6%
India	692	319	182	282	-25.9%
Italy	692	169	195	268	-27.1%
United Arab Emirates	32.6	57.9	91.3	82.5	36.3%
Saudi Arabia	99.6	80.8	91.3	N/A	-4.3%
Others	112	124	171	72.8	-13.4%
Total	2,216	870	1,860	2,477	3.8%

Top Suppliers of Base Metal Closure to Ethiopia in 2022:

China (723.0 tons)
India (31.2 tons)
Italy (30.6 tons)
United Arab Emirates (12.7 tons)

Base Metal Closure Exports in Ethiopia

In 2022, overseas shipments of base metal closures, stoppers, caps and lids decreased by -98.6% to 12 kg, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 267% against the previous year. As a result, the exports reached the peak of 3.2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal closure exports contracted dramatically to $48 in 2022. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 228%.

Export of Base Metal Closure in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Burkina Faso	N/A	N/A	0.1	N/A	0%
Nigeria	1.5	N/A	N/A	N/A	0%
Germany	0.1	5.3	0.1	N/A	0.0%
Italy	N/A	N/A	8.8	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	1.6	5.3	9.0	N/A	137.2%

Top Export Markets for Base Metal Closure from Ethiopia in 2022:

Germany (12.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the base metal closure market in Ethiopia. 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 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
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