Milled Rice Price in Ethiopia - 2022
Contents:
- Milled Rice Price in Ethiopia (CIF) - 2022
- Milled Rice Price in Ethiopia (FOB) - 2022
- Milled Rice Imports in Ethiopia
- Milled Rice Exports in Ethiopia
Milled Rice Price in Ethiopia (CIF) - 2022
In 2022, the average milled rice import price amounted to $540 per ton, with an increase of 42% against the previous year. Overall, the import price, however, saw a noticeable descent. The import price peaked at $666 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($676 per ton), while the price for India ($534 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.9%), while the prices for the other major suppliers experienced a decline.
Milled Rice Price in Ethiopia (FOB) - 2022
The average milled rice export price stood at $1,200 per ton in 2022, rising by 35% against the previous year. Overall, the export price showed a slight expansion. The pace of growth appeared the most rapid in 2017 an increase of 58% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Djibouti.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +14.6% per year.
Milled Rice Imports in Ethiopia
In 2022, approx. 688K tons of semi-milled or wholly milled (bleached) rice were imported into Ethiopia; jumping by 692% on 2021 figures. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, milled rice imports soared to $371M 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.
| Import of Milled Rice in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 96.0 | 28.0 | 32.1 | 350 | 53.9% |
| South Korea | 8.7 | 1.6 | 0.5 | 8.8 | 0.4% |
| Pakistan | 3.9 | 0.7 | 0.3 | 5.3 | 10.8% |
| Others | 5.2 | 0.5 | 0.3 | 6.8 | 9.4% |
| Total | 114 | 30.8 | 33.1 | 371 | 48.2% |
Top Suppliers of Milled Rice to Ethiopia in 2022:
- India (656.0K tons)
- South Korea (13.0K tons)
- Pakistan (9.9K tons)
Milled Rice Exports in Ethiopia
For the third consecutive year, Ethiopia recorded decline in shipments abroad of semi-milled or wholly milled (bleached) rice, which decreased by -11.5% to 330 kg in 2022. Overall, exports showed a deep reduction. The smallest decline of -5.8% was in 2021.
In value terms, milled rice exports soared to $396 in 2022. The total export value increased at an average annual rate of +12.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | 174 | 302 | 229 | 395 | 31.4% |
| India | N/A | N/A | 102 | N/A | 0% |
| Yemen | 95.0 | N/A | N/A | N/A | 0% |
| Others | 7.0 | N/A | 1.0 | 1.0 | -47.7% |
| Total | 276 | 302 | 332 | 396 | 12.8% |
Top Export Markets for Milled Rice from Ethiopia in 2022:
- Djibouti (329.0 kg)
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