Price for Clothing; Parts, Knitted or Crocheted in Ethiopia - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Ethiopia (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Ethiopia (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Ethiopia
4. Exports of Clothing; Parts, Knitted or Crocheted in Ethiopia

Price for Clothing; Parts, Knitted or Crocheted in Ethiopia (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $4,349 per ton in 2022, with a decrease of -51% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. The import price peaked at $8,884 per ton in 2021, and then reduced dramatically in the following year.

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 -6.1% per year.

Price for Clothing; Parts, Knitted or Crocheted in Ethiopia (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $22,674 per ton, declining by -61.9% against the previous year. Overall, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 213% against the previous year. The export price peaked at $59,495 per ton in 2021, and then contracted rapidly in the following year.

As there is only one major export destination, 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 +12.5% per year.

Imports of Clothing; Parts, Knitted or Crocheted in Ethiopia

For the third consecutive year, Ethiopia recorded decline in supplies from abroad of clothing; parts, knitted or crocheted, which decreased by -50.3% to 17 tons in 2022. Over the period under review, imports faced a precipitous decrease. The smallest decline of -30.8% was in 2021.

In value terms, clothing; parts, knitted or crocheted imports shrank dramatically to $75K in 2022. In general, imports recorded a significant contraction. The smallest decline of -29% was in 2021.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Ethiopia in 2022:

1. China (17.3 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Ethiopia

In 2022, shipments abroad of clothing; parts, knitted or crocheted decreased by -96.5% to 46 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,270% against the previous year. As a result, the exports attained the peak of 1.3 tons, and then shrank rapidly in the following year.

In value terms, clothing; parts, knitted or crocheted exports contracted significantly to $1K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,578%. As a result, the exports attained the peak of $79K, and then reduced markedly in the following year.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Ethiopia in 2022:

1. China (46.0 kg)

Source: IndexBox Market Intelligence Platform