Price for Zinc; Powders and Flakes in Ethiopia - 2022

Contents:

  1. Price for Zinc; Powders and Flakes in Ethiopia (FOB) - 2022
  2. Price for Zinc; Powders and Flakes in Ethiopia (CIF) - 2022
  3. Exports of Zinc; Powders and Flakes in Ethiopia
  4. Imports of Zinc; Powders and Flakes in Ethiopia

Price for Zinc; Powders and Flakes in Ethiopia (FOB) - 2022

The average zinc; powders and flakes export price stood at $455 per ton in 2022, declining by -11.1% against the previous year. In general, the export price, however, continues to indicate tangible growth. The pace of growth appeared the most rapid in 2017 an increase of 56%. Over the period under review, the average export prices reached the maximum at $735 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,800 per ton), while the average price for exports to Taiwan (Chinese) ($410 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 India (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Zinc; Powders and Flakes in Ethiopia (CIF) - 2022

The average zinc; powders and flakes import price stood at $2,274 per ton in 2022, declining by -25% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 126%. As a result, import price attained the peak level of $8,982 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,118 per ton), while the price for Sri Lanka ($909 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the prices for the other major suppliers experienced a decline.

Exports of Zinc; Powders and Flakes in Ethiopia

For the third year in a row, Ethiopia recorded decline in shipments abroad of zinc; powders and flakeses, which decreased by -64.4% to 19 tons in 2022. In general, exports continue to indicate a sharp curtailment. The smallest decline of -47.4% was in 2020.

In value terms, zinc; powders and flakes exports reduced rapidly to $8.9K in 2022. Overall, exports recorded a sharp downturn. The smallest decline of -41.7% was in 2020.

Export of Zinc; Powders and Flakes in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)30.326.915.07.0-38.6%
Kenya13971.913.01.9-76.1%
OthersN/AN/AN/AN/A0%
Total17098.828.08.9-62.6%

Top Export Markets for Zinc; Powders and Flakes from Ethiopia in 2022:

  1. Taiwan (Chinese) (17.1 tons)
  2. Kenya (2.4 tons)

Imports of Zinc; Powders and Flakes in Ethiopia

In 2022, imports of zinc; powders and flakeses into Ethiopia shrank remarkably to 234 kg, which is down by -49.4% against the previous year's figure. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,332% against the previous year. As a result, imports attained the peak of 462 kg, and then fell notably in the following year.

In value terms, zinc; powders and flakes imports dropped dramatically to $532 in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 775%. As a result, imports reached the peak of $1.4K, and then shrank dramatically in the following year.

Import of Zinc; Powders and Flakes in Ethiopia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.07.0365430262.9%
India29361.092287.0-33.3%
Sri Lanka23.03.061.010.0-24.2%
United Kingdom21.04.052.05.0-38.0%
OthersN/A85.0N/AN/A0%
Total3461601,40053215.4%

Top Suppliers of Zinc; Powders and Flakes to Ethiopia in 2022:

  1. China (204.0 kg)
  2. India (17.0 kg)
  3. Sri Lanka (11.0 kg)
  4. United Kingdom (2.0 kg)

Source: IndexBox Market Intelligence Platform

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