Frozen Salmonoids Price in Ethiopia - 2022
Contents:
Frozen Salmonoids Price in Ethiopia (CIF) - 2022
The average frozen salmonoids import price stood at $1,830 per ton in 2022, increasing by 8.9% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 55%. The import price peaked at $4,265 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($2,567 per ton), while the price for China amounted to $120 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.9%), while the prices for the other major suppliers experienced a decline.
Frozen Salmonoids Imports in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in purchases abroad of frozen salmonoids, which increased by 1,153% to 21 tons in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen salmonoids imports soared to $38K in 2022. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Salmonoids in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1.4 | 1.3 | 2.6 | 37.5 | 199.2% |
| China | N/A | N/A | N/A | 0.8 | 0% |
| United Arab Emirates | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 1.3 | 2.8 | 38.2 | 201.1% |
Top Suppliers of Frozen Salmonoids to Ethiopia in 2022:
- Norway (14.6 tons)
- China (6.3 tons)
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