Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
- Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia
- Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, seed, whether or not broken amounted to $1,741 per ton, rising by 23% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 105% against the previous year. As a result, the export price attained the peak level of $3,261 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($1,827 per ton), while the average price for exports to the United Arab Emirates amounted to $1,599 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia (CIF) - 2022
In 2022, the average import price for oil seeds; cotton seeds, seed, whether or not broken amounted to $16,967 per ton, leveling off at the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 174%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 ($52,333 per ton), while the price for Turkey ($7,830 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+128.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia
In 2022, the amount of oil seeds; cotton seeds, seed, whether or not broken exported from Ethiopia fell dramatically to 380 tons, with a decrease of -61.4% compared with 2021. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 710% against the previous year. As a result, the exports reached the peak of 984 tons, and then declined significantly in the following year.
In value terms, exports of oil seeds; cotton seeds, seed, whether or not broken declined notably to $662K in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 252%. As a result, the exports attained the peak of $1.4M, and then shrank significantly in the following year.
| Export of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 215 | 11.7 | 587 | 432 | 26.2% |
| United Arab Emirates | 581 | 60.9 | 126 | 230 | -26.6% |
| Bulgaria | N/A | N/A | 138 | N/A | 0% |
| Nigeria | N/A | 323 | N/A | N/A | 0% |
| South Korea | N/A | N/A | 380 | N/A | 0% |
| China | N/A | N/A | 163 | N/A | 0% |
| Others | 19.8 | N/A | N/A | 0.1 | -82.8% |
| Total | 816 | 396 | 1,394 | 662 | -6.7% |
Top Export Markets for Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken from Ethiopia in 2022:
- Israel (236.6 tons)
- United Arab Emirates (143.5 tons)
Imports of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia
In 2022, overseas purchases of oil seeds; cotton seeds, seed, whether or not broken decreased by -84.2% to 3.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, imports reached the peak of 22 tons, and then declined notably in the following year.
In value terms, imports of oil seeds; cotton seeds, seed, whether or not broken declined markedly to $60K in 2022. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 324%. As a result, imports reached the peak of $373K, and then declined dramatically in the following year.
| Import of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 94.2 | 34.5 | -63.4% |
| Turkey | 40.2 | 78.2 | 39.7 | 21.0 | -19.5% |
| India | 2.6 | 9.9 | 6.4 | 4.2 | 17.3% |
| Spain | N/A | N/A | 233 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.7 | 88.0 | 373 | 59.7 | 11.8% |
Top Suppliers of Oil Seeds; Cotton Seeds, Seed, Whether or Not Broken to Ethiopia in 2022:
- Turkey (2677.0 kg)
- Netherlands (762.0 kg)
- India (81.0 kg)
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