Price for Cereals; Millet, Other than Seed in Ethiopia - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Ethiopia (FOB) - 2022
- Price for Cereals; Millet, Other than Seed in Ethiopia (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in Ethiopia
- Imports of Cereals; Millet, Other than Seed in Ethiopia
Price for Cereals; Millet, Other than Seed in Ethiopia (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $342 per ton, which is down by -25% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 41%. Over the period under review, the average export prices attained the maximum at $1,125 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Kenya.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to -4.4% per year.
Price for Cereals; Millet, Other than Seed in Ethiopia (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $3,052 per ton, jumping by 19% against the previous year. Over the period under review, the import price recorded resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 83% against the previous year. Over the period under review, average import prices reached the peak figure at $4,770 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 +6.3% per year.
Exports of Cereals; Millet, Other than Seed in Ethiopia
In 2022, approx. 3.7K tons of cereals; millet, other than seeds were exported from Ethiopia; rising by 248% compared with the previous year's figure. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,435% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, cereals; millet, other than seed exports soared to $1.3M in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,662%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Cereals; Millet, Other than Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 10.6 | 9.5 | 272 | 1,196 | 383.2% |
| Others | 13.7 | 18.1 | 213 | 71.0 | 73.1% |
| Total | 24.3 | 27.5 | 485 | 1,267 | 273.6% |
Top Export Markets for Cereals; Millet, Other than Seed from Ethiopia in 2022:
- Kenya (3.6K tons)
Imports of Cereals; Millet, Other than Seed in Ethiopia
In 2022, after two years of decline, there was significant growth in purchases abroad of cereals; millet, other than seeds, when their volume increased by 112% to 2.2 tons. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports soared to $6.6K in 2022. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 4.2 | 2.6 | 6.6 | 13.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 4.2 | 2.6 | 6.6 | 13.6% |
Top Suppliers of Cereals; Millet, Other than Seed to Ethiopia in 2022:
- China (2.2 tons)
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