Cereals; Millet, Seed Price in Ethiopia - 2022
Contents:
- Cereals; Millet, Seed Price in Ethiopia (FOB) - 2022
- Cereals; Millet, Seed Price in Ethiopia (CIF) - 2022
- Cereals; Millet, Seed Exports in Ethiopia
- Cereals; Millet, Seed Imports in Ethiopia
Cereals; Millet, Seed Price in Ethiopia (FOB) - 2022
The average cereals; millet, seed export price stood at $507 per ton in 2022, falling by -53.9% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2019 when the average export price increased by 30% against the previous year. The export price peaked at $1,100 per ton in 2021, and then shrank dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($1,767 per ton), while the average price for exports to Kenya ($326 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+459.2%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Millet, Seed Price in Ethiopia (CIF) - 2022
The average cereals; millet, seed import price stood at $4,119 per ton in 2022, stabilizing at the previous year. In general, the import price posted a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by 189%. The import price peaked in 2022 and is likely to see steady growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +24.2% per year.
Cereals; Millet, Seed Exports in Ethiopia
In 2022, the amount of cereals; millet, seeds exported from Ethiopia surged to 257 tons, rising by 99% on the previous year. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 247%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, cereals; millet, seed exports contracted to $131K in 2022. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 323%. As a result, the exports attained the peak of $142K, and then dropped in the following year.
| Export of Cereals; Millet, Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 37.4 | 22.6 | 48.7 | 58.7 | 16.2% |
| Israel | 23.7 | 7.5 | 80.4 | 40.7 | 19.8% |
| Germany | N/A | N/A | N/A | 29.5 | 0% |
| Others | 25.7 | 3.5 | 12.9 | 1.6 | -60.4% |
| Total | 86.7 | 33.6 | 142 | 131 | 14.7% |
Top Export Markets for Cereals; Millet, Seed from Ethiopia in 2022:
- Kenya (180.0 tons)
- Germany (53.2 tons)
- Israel (23.0 tons)
Cereals; Millet, Seed Imports in Ethiopia
In 2022, the amount of cereals; millet, seeds imported into Ethiopia totaled 429 kg, remaining relatively unchanged against the year before. In general, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 17%.
In value terms, cereals; millet, seed imports totaled $1.8K in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 83%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Cereals; Millet, Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.5 | 1.0 | 1.7 | 1.8 | 53.3% |
| India | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 1.0 | 1.8 | 1.8 | 44.2% |
Top Suppliers of Cereals; Millet, Seed to Ethiopia in 2022:
- China (429.0 kg)
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