Ethiopia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Ethiopia

The Ethiopian odoriferous substance mixture market fell to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated modest growth from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Ethiopia

In 2022, after two years of growth, there was significant decline in shipments abroad of mixtures of odoriferous substances and their preparations, when their volume decreased by X% to X tons. Overall, exports saw a mild contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, odoriferous substance mixture exports contracted markedly to $X in 2022. Over the period under review, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

South Korea (X tons) was the main destination for odoriferous substance mixture exports from Ethiopia, with a X% share of total exports. It was followed by the United States (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled X%.

In value terms, South Korea ($X) emerged as the key foreign market for mixtures of odoriferous substances and their preparations exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to X%.

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a noticeable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Ethiopia

In 2022, the amount of mixtures of odoriferous substances and their preparations imported into Ethiopia contracted to X tons, waning by X% compared with the previous year. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume 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, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports reduced sharply to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value 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, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest odoriferous substance mixture supplier to Ethiopia, accounting for a X% share of total imports. Moreover, odoriferous substance mixture imports from Ireland exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Egypt (X% per year).

In value terms, Ireland ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Ethiopia, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ireland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a mild shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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