Ethiopia - Iron Or Steel Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Washer Price in Ethiopia - 2021
Contents:
- Metal Washer Price in Ethiopia (CIF) - 2022
- Metal Washer Price in Ethiopia (FOB) - 2022
- Metal Washer Imports in Ethiopia
- Metal Washer Exports in Ethiopia
Metal Washer Price in Ethiopia (CIF) - 2022
In 2022, the average metal washer import price amounted to $1,663 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, import price attained the peak level of $5,575 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 Spain ($3,597 per ton), while the price for China ($1,221 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced a decline.
Metal Washer Price in Ethiopia (FOB) - 2022
In 2022, the average metal washer export price amounted to $1,220 per ton, with a decrease of -90.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices reached the peak figure at $20,517 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Burkina Faso.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +18.7% per year.
Metal Washer Imports in Ethiopia
In 2022, imports of iron or steel washers into Ethiopia skyrocketed to 1K tons, rising by 31% compared with 2021 figures. Over the period under review, imports, however, saw a abrupt slump.
In value terms, metal washer imports soared to $1.7M in 2022. Overall, imports, however, saw a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 33%.
| Import of Metal Washer in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,009 | 655 | 815 | 1,050 | 1.3% |
| Spain | 1.0 | 11.1 | 0.1 | 384 | 626.8% |
| India | 12.7 | 12.2 | 17.0 | 36.3 | 41.9% |
| Others | 782 | 309 | 480 | 251 | -31.5% |
| Total | 1,805 | 988 | 1,312 | 1,722 | -1.6% |
Top Suppliers of Metal Washer to Ethiopia in 2022:
- China (860.3 tons)
- Spain (106.8 tons)
- India (19.8 tons)
Metal Washer Exports in Ethiopia
In 2022, overseas shipments of iron or steel washers decreased by -93.9% to 41 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 186% against the previous year. As a result, the exports reached the peak of 674 kg, and then shrank dramatically in the following year.
In value terms, metal washer exports dropped remarkably to $50 in 2022. Overall, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. As a result, the exports reached the peak of $8.6K, and then fell markedly in the following year.
| Export of Metal Washer in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | N/A | 0.1 | 0% |
| Nigeria | N/A | 1.7 | N/A | N/A | 0% |
| Tanzania | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | 1.0 | 1.3 | 7.3 | N/A | 170.2% |
| Italy | 0.3 | 0.2 | 0.6 | N/A | 41.4% |
| Brazil | N/A | N/A | 0.6 | N/A | 0% |
| Others | 0.5 | 0.3 | 0.2 | N/A | -36.8% |
| Total | 1.8 | 3.6 | 8.6 | 0.1 | -61.8% |
Top Export Markets for Metal Washer from Ethiopia in 2022:
- Burkina Faso (41.0 kg)
This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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