Price for Fats and Oils and Their Fractions; of Marine Mammals in Ethiopia - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Ethiopia (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Ethiopia
Price for Fats and Oils and Their Fractions; of Marine Mammals in Ethiopia (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $17,200 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2020 when the average import price decreased by 99.9%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2019 to 2022, the rate of growth in terms of prices for China amounted to +60.8% per year.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Ethiopia
In 2022, after two years of decline, there was decline in purchases abroad of fats and oils and their fractions; of marine mammalses, when their volume decreased by 0% to 10 kg. Over the period under review, imports saw a dramatic curtailment. The smallest decline of 99.9% was in 2020.
In value terms, imports of fats and oils and their fractions; of marine mammalses stood at $172 in 2022. Overall, imports recorded a abrupt slump. The smallest decline of 99.9% was in 2020.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 331 | N/A | N/A | 172 | -19.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 331 | N/A | N/A | 172 | -19.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Ethiopia in 2022:
- China (10.0 kg)
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
