Gold Price in Ethiopia - 2022
Contents:
Gold Price in Ethiopia (CIF) - 2022
In 2021, the average gold import price amounted to $2,000 per ton, reducing by -98.6% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2013 an increase of 520,671% against the previous year. Over the period under review, average import prices reached the maximum at $27,050,571 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($2,000 per ton), while the price for China stood at $1,000 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-10.6%).
Gold Imports in Ethiopia
In 2022, approx. 1 kg of gold were imported into Ethiopia; standing approx. at the year before. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, gold imports surged to $4.2K in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Gold in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 74.0 | 146 | 2.0 | -83.6% | |
| China | 1.0 | 1.0 | 1.0 | 0.0% | |
| Kenya | N/A | 1.0 | N/A | 0% | |
| Others | -1.0 | -2.0 | -1.0 | 0.0% | |
| Total | 74.0 | 146 | 2.0 | -83.6% | |
Top Suppliers of Gold to Ethiopia in 2022:
- United Arab Emirates (1.0 kg)
- China (1.0 kg)
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