Price for Metals; Silver, Unwrought, (But Not Powder) in Ethiopia - 2022

Contents:

  1. Price for Metals; Silver, Unwrought, (But Not Powder) in Ethiopia (CIF) - 2022
  2. Imports of Metals; Silver, Unwrought, (But Not Powder) in Ethiopia

Price for Metals; Silver, Unwrought, (But Not Powder) in Ethiopia (CIF) - 2022

In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $704,308 per ton, waning by -16% against the previous year. In general, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2017 when the average import price increased by 206% against the previous year. Over the period under review, average import prices reached the peak figure at $838,000 per ton in 2021, and then fell remarkably in the following year.

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 the United Arab Emirates ($761,500 per ton), while the price for China amounted to $18,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%).

Imports of Metals; Silver, Unwrought, (But Not Powder) in Ethiopia

For the third consecutive year, Ethiopia recorded decline in purchases abroad of metals; silver, unwrought, (but not powder), which decreased by -92% to 13 kg in 2022. Overall, imports continue to indicate a significant decrease. The smallest decline of -30% was in 2020.

In value terms, imports of metals; silver, unwrought, (but not powder) reduced dramatically to $9.2K in 2022. Over the period under review, imports showed a precipitous decrease. The smallest decline of -1.6% was in 2020.

Import of Metals; Silver, Unwrought, (But Not Powder) in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates4994931369.1-73.7%
China3.41.40.2N/A-75.7%
OthersN/AN/AN/AN/A0%
Total5024941379.2-73.6%

Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Ethiopia in 2022:

  1. United Arab Emirates (12.0 kg)
  2. China (1.0 kg)

Source: IndexBox Market Intelligence Platform

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