Price for Food Preparations Not Elsewhere Specified or Included in Ethiopia - 2022

Contents:

1. Price for Food Preparations Not Elsewhere Specified or Included in Ethiopia (CIF) - 2022
2. Price for Food Preparations Not Elsewhere Specified or Included in Ethiopia (FOB) - 2022
3. Imports of Food Preparations Not Elsewhere Specified or Included in Ethiopia
4. Exports of Food Preparations Not Elsewhere Specified or Included in Ethiopia

Price for Food Preparations Not Elsewhere Specified or Included in Ethiopia (CIF) - 2022

In 2022, the average import price for food preparations not elsewhere specified or included amounted to $4,530 per ton, picking up by 35% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for food preparations not elsewhere specified or included increased by +68.9% against 2018 indices. 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 Egypt ($7,929 per ton), while the price for the United Arab Emirates ($2,062 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Food Preparations Not Elsewhere Specified or Included in Ethiopia (FOB) - 2022

The average export price for food preparations not elsewhere specified or included stood at $4,745 per ton in 2022, rising by 50% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 92% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($14,949 per ton), while the average price for exports to Gambia ($73 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 the United States (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Food Preparations Not Elsewhere Specified or Included in Ethiopia

In 2022, the amount of food preparations not elsewhere specified or included imported into Ethiopia plummeted to 20K tons, falling by -17.7% compared with 2021. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of 25K tons, and then contracted sharply in the following year.

In value terms, imports of food preparations not elsewhere specified or included rose sharply to $91M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Ethiopia in 2022:

1. Egypt (4.4K tons)
2. United States (3.5K tons)
3. France (3.0K tons)
4. Turkey (2.0K tons)
5. China (2.0K tons)
6. Kenya (1.6K tons)
7. South Africa (1.1K tons)
8. United Arab Emirates (0.1K tons)

Exports of Food Preparations Not Elsewhere Specified or Included in Ethiopia

After three years of growth, shipments abroad of food preparations not elsewhere specified or included decreased by -99.6% to 1.7 tons in 2022. Over the period under review, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2020 with an increase of 193%.

In value terms, exports of food preparations not elsewhere specified or included reduced notably to $8.2K in 2022. In general, exports recorded a significant decline. The pace of growth appeared the most rapid in 2020 when exports increased by 446% against the previous year.

Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Ethiopia in 2022:

1. Democratic Republic of the Congo (313.0 kg)
2. United Kingdom (262.0 kg)
3. United States (152.0 kg)
4. Mozambique (129.0 kg)
5. Guinea (122.0 kg)
6. Taiwan (Chinese) (104.0 kg)
7. South Africa (91.0 kg)
8. Gambia (82.0 kg)
9. Congo (82.0 kg)
10. United Arab Emirates (62.0 kg)
11. Czech Republic (60.0 kg)
12. Kenya (48.0 kg)
13. Germany (42.0 kg)

Source: IndexBox Market Intelligence Platform