Price for Double or Complex Silicates in Ethiopia - 2022

Contents:

1. Price for Double or Complex Silicates in Ethiopia (CIF) - 2022
2. Imports of Double or Complex Silicates in Ethiopia

Price for Double or Complex Silicates in Ethiopia (CIF) - 2022

In 2022, the average double or complex silicates import price amounted to $1,388 per ton, surging by 44% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, double or complex silicates import price increased by +100.9% against 2020 indices. As a result, import price attained 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 India ($1,647 per ton), while the price for China ($1,085 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Double or Complex Silicates in Ethiopia

In 2022, the amount of double or complex silicates imported into Ethiopia surged to 617 tons, rising by 192% compared with the previous year's figure. In general, imports enjoyed a resilient expansion.

In value terms, double or complex silicates imports soared to $857K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Double or Complex Silicates to Ethiopia in 2022:

1. India (295.0 tons)
2. China (256.0 tons)
3. Netherlands (66.0 tons)

Source: IndexBox Market Intelligence Platform