Price for Frozen Concentrated Orange Juice in Ethiopia - 2021
Contents:
- Price for Frozen Concentrated Orange Juice in Ethiopia (CIF) - 2022
- Imports of Frozen Concentrated Orange Juice in Ethiopia
Price for Frozen Concentrated Orange Juice in Ethiopia (CIF) - 2022
The average frozen concentrated orange juice import price stood at $845 per ton in 2022, rising by 4.5% against the previous year. In general, the import price enjoyed temperate growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 120%. The import price peaked at $2,150 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Africa ($898 per ton) and Saudi Arabia ($884 per ton), while the price for Egypt ($659 per ton) and the United Arab Emirates ($786 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Concentrated Orange Juice in Ethiopia
Frozen concentrated orange juice imports into Ethiopia expanded markedly to 180 tons in 2022, increasing by 13% on 2021. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports attained the peak of 201 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen concentrated orange juice imports surged to $152K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, imports attained the peak of $176K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen Concentrated Orange Juice in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 28.2 | 52.7 | 52.0 | 62.6 | 30.4% |
| Saudi Arabia | 41.3 | 25.2 | 26.6 | 33.5 | -6.7% |
| Thailand | 10.0 | 65.3 | 28.1 | 31.6 | 46.7% |
| Egypt | 16.7 | 24.5 | 18.9 | 17.8 | 2.1% |
| United Arab Emirates | 6.7 | 6.3 | 1.8 | 5.2 | -8.1% |
| Others | 1.1 | 1.6 | 1.4 | 1.5 | 10.9% |
| Total | 104 | 176 | 129 | 152 | 13.5% |
Top Suppliers of Frozen Concentrated Orange Juice to Ethiopia in 2022:
- South Africa (69.7 tons)
- Saudi Arabia (37.9 tons)
- Thailand (36.7 tons)
- Egypt (27.0 tons)
- United Arab Emirates (6.6 tons)
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