Ethiopia: Iron Household Articles Market 2024

Iron Household Articles Market Size in Ethiopia

The Ethiopian iron household articles market rose significantly to $X in 2023, picking up 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, consumption continues to indicate a strong expansion. Iron household articles consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Iron Household Articles Exports

Exports from Ethiopia

After two years of growth, shipments abroad of table, kitchen or household articles and parts of iron decreased by X% to X tons in 2023. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, iron household articles exports declined markedly to $X in 2023. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2022, and then dropped markedly in the following year.

Exports by Country

Belgium (X tons) was the main destination for iron household articles exports from Ethiopia, accounting for a X% share of total exports. Moreover, iron household articles exports to Belgium exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the United States (X% per year).

In value terms, the largest markets for iron household articles exported from Ethiopia were Switzerland ($X), Belgium ($X) and Kenya ($X), together comprising X% of total exports. The United States, Sweden, the Netherlands, Germany, South Africa, Tanzania, France, the UK, Spain and Mozambique lagged somewhat behind, together comprising a further X%.

Mozambique, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average iron household articles export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

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

Iron Household Articles Imports

Imports into Ethiopia

In 2023, imports of table, kitchen or household articles and parts of iron into Ethiopia expanded significantly to X tons, with an increase of X% against the previous year. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, iron household articles imports rose significantly to $X in 2023. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Kenya (X tons) were the main suppliers of iron household articles imports to Ethiopia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Denmark ($X) constituted the largest iron household articles suppliers to Ethiopia, together accounting for X% of total imports. Belgium, Kenya, the United States, Italy, Turkey, Saudi Arabia and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Kenya, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average iron household articles import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

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 Denmark ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform