Ethiopia: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Ethiopia

The Ethiopian oils from coal tar market rose remarkably to $X in 2023, growing 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). Overall, consumption, however, continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Ethiopia

In 2023, oils from coal tar exports from Ethiopia fell to X kg, with a decrease of X% on 2022. Over the period under review, exports showed a sharp slump. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, oils from coal tar exports fell significantly to $X in 2023. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for oils from coal tar exports from Ethiopia, with a X% share of total exports. Moreover, oils from coal tar exports to the United States exceeded the volume sent to the second major destination, Germany (X kg), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the largest markets for oils from coal tar exported from Ethiopia were the United States ($X) and Germany ($X).

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the average oils from coal tar export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Ethiopia

In 2023, approx. X tons of oils and other products of the distillation of high temperature coal tar were imported into Ethiopia; increasing by X% on 2022 figures. In general, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, oils from coal tar imports contracted to $X in 2023. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, South Korea (X tons) constituted the largest supplier of oils from coal tar to Ethiopia, accounting for a X% share of total imports. Moreover, oils from coal tar imports from South Korea exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of oils and other products of the distillation of high temperature coal tar to Ethiopia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the average oils from coal tar import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform