Metals; Platinum, Semi-Manufactured Price in Ethiopia - 2022

Contents:

1. Metals; Platinum, Semi-Manufactured Price in Ethiopia (FOB) - 2022
2. Metals; Platinum, Semi-Manufactured Price in Ethiopia (CIF) - 2022
3. Metals; Platinum, Semi-Manufactured Exports in Ethiopia
4. Metals; Platinum, Semi-Manufactured Imports in Ethiopia

Metals; Platinum, Semi-Manufactured Price in Ethiopia (FOB) - 2022

The average metals; platinum, semi-manufactured export price stood at $1,049,500 per ton in 2022, with a decrease of -84.1% against the previous year. In general, the export price recorded a significant contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 312%. Over the period under review, the average export prices attained the maximum at $15,885,000 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,988,000 per ton), while the average price for exports to Australia stood at $418,727 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.3%).

Metals; Platinum, Semi-Manufactured Price in Ethiopia (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $5,327,500 per ton, growing by 100% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 272% against the previous year. Over the period under review, average import prices hit record highs at $12,059,000 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 +107.9% per year.

Metals; Platinum, Semi-Manufactured Exports in Ethiopia

Metals; platinum, semi-manufactured exports from Ethiopia surged to 12 kg in 2022, growing by 500% compared with the previous year. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured exports contracted slightly to $13K in 2022. In general, exports, however, continue to indicate a deep contraction. The smallest decline of -4.4% was in 2021.

Top Export Markets for Metals; Platinum, Semi-Manufactured from Ethiopia in 2022:

1. Australia (11.0 kg)
2. United States (1.0 kg)

Metals; Platinum, Semi-Manufactured Imports in Ethiopia

After two years of decline, supplies from abroad of metals; platinum, semi-manufactureds decreased by 0% to 2 kg in 2022. In general, imports showed a drastic downturn. The smallest decline of -33.3% was in 2020.

In value terms, metals; platinum, semi-manufactured imports skyrocketed to $11K in 2022. Over the period under review, imports faced a drastic downturn.

Top Suppliers of Metals; Platinum, Semi-Manufactured to Ethiopia in 2022:

1. China (2.0 kg)

Source: IndexBox Market Intelligence Platform