Ethiopia: Cereal Market 2024

Cereal Market Size in Ethiopia

After six years of growth, the Ethiopian cereal market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cereal consumption peaked at $X in 2021, and then fell in the following year.

Cereal Production in Ethiopia

In value terms, cereal production totaled $X in 2022 estimated in export price. Overall, production posted a notable increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average cereal yield in Ethiopia amounted to X tons per ha, standing approx. at the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. The cereal yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Ethiopia; remaining relatively unchanged against 2021. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cereal production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Cereal Exports

Exports from Ethiopia

Cereal exports from Ethiopia soared to X tons in 2022, growing by X% on the previous year. Over the period under review, exports recorded a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cereal exports skyrocketed to $X in 2022. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X tons), South Sudan (X tons) and Israel (X tons) were the main destinations of cereal exports from Ethiopia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal exported from Ethiopia were South Sudan ($X), Kenya ($X) and the United States ($X), with a combined X% share of total exports.

Among the main countries of destination, Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cereal export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Kenya ($X 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 South Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Ethiopia

In 2022, approx. X tons of cereals were imported into Ethiopia; reducing by X% against the previous year's figure. In general, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cereal imports dropped to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The United States (X tons), Ukraine (X tons) and Argentina (X tons) were the main suppliers of cereal imports to Ethiopia, together comprising X% of total imports. India, Russia, Bulgaria and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of cereals to Ethiopia, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Argentina (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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