Price for Chain and Parts Thereof, of Iron or Steel in Ethiopia - 2022

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Ethiopia (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Ethiopia (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Ethiopia
4. Exports of Chain and Parts Thereof, of Iron or Steel in Ethiopia

Price for Chain and Parts Thereof, of Iron or Steel in Ethiopia (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $4,018 per ton in 2022, rising by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 an increase of 71%. The import price peaked at $5,147 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,293 per ton), while the price for China ($2,514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Chain and Parts Thereof, of Iron or Steel in Ethiopia (FOB) - 2022

In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $12,426 per ton, picking up by 46% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 168%. Over the period under review, the average export prices reached the peak figure at $14,360 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Djibouti ($50,706 per ton), while the average price for exports to Uganda ($500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Ethiopia

After two years of decline, overseas purchases of chain and parts thereof, of iron or steel increased by 12% to 662 tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern.

In value terms, imports of chain and parts thereof, of iron or steel soared to $2.6M in 2022. Overall, imports, however, saw a deep slump.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Ethiopia in 2022:

1. China (496.6 tons)
2. India (80.6 tons)
3. Germany (18.6 tons)
4. Japan (18.2 tons)
5. United Kingdom (18.2 tons)
6. Italy (11.2 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Ethiopia

In 2022, exports of chain and parts thereof, of iron or steel from Ethiopia soared to 302 kg, jumping by 543% on the previous year's figure. Overall, exports, however, showed a precipitous curtailment.

In value terms, exports of chain and parts thereof, of iron or steel surged to $2.4K in 2022. Over the period under review, exports, however, saw a sharp decrease.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Ethiopia in 2022:

1. Nigeria (246.0 kg)
2. Djibouti (17.0 kg)
3. Tanzania (16.0 kg)
4. United Kingdom (6.0 kg)
5. China (5.0 kg)

Source: IndexBox Market Intelligence Platform