Price for Aluminium; Alloys, Hollow Profiles in Ethiopia - 2022
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Ethiopia (CIF) - 2022
- Imports of Aluminium; Alloys, Hollow Profiles in Ethiopia
Price for Aluminium; Alloys, Hollow Profiles in Ethiopia (CIF) - 2022
The average aluminium; alloys, hollow profiles import price stood at $4,826 per ton in 2022, increasing by 37% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Italy ($9,408 per ton), while the price for China stood at $4,649 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%).
Imports of Aluminium; Alloys, Hollow Profiles in Ethiopia
In 2022, supplies from abroad of aluminium; alloys, hollow profileses decreased by -36.6% to 2K tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports attained the peak of 3.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, aluminium; alloys, hollow profiles imports declined to $9.6M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 20% against the previous year.
| Import of Aluminium; Alloys, Hollow Profiles in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 10.3 | 10.6 | 8.9 | 1.1% |
| Italy | 0.2 | 0.4 | 0.1 | 0.7 | 51.8% |
| Others | 0.3 | 0.2 | 0.4 | 0.1 | -30.7% |
| Total | 9.2 | 11.0 | 11.1 | 9.6 | 1.4% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Ethiopia in 2022:
- China (1914.2 tons)
- Italy (69.9 tons)
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