Waxes; Artificial, Prepared Price in Ethiopia - 2022

Contents:

1. Waxes; Artificial, Prepared Price in Ethiopia (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Ethiopia (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Ethiopia
4. Waxes; Artificial, Prepared Exports in Ethiopia

Waxes; Artificial, Prepared Price in Ethiopia (CIF) - 2022

The average waxes; artificial, prepared import price stood at $1,661 per ton in 2022, shrinking by -18% against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, average import prices reached the peak figure at $2,827 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($10,115 per ton), while the price for South Korea ($682 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.5%), while the prices for the other major suppliers experienced a decline.

Waxes; Artificial, Prepared Price in Ethiopia (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $1,200 per ton, which is down by -87.6% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,680 per ton in 2021, and then reduced markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +13.8% per year.

Waxes; Artificial, Prepared Imports in Ethiopia

In 2022, overseas purchases of waxes; artificial, prepared were finally on the rise to reach 381 tons after two years of decline. Overall, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports surged to $633K in 2022. In general, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Ethiopia in 2022:

1. South Korea (113.1 tons)
2. China (107.1 tons)
3. India (69.4 tons)
4. Kenya (57.2 tons)
5. United States (20.6 tons)
6. Netherlands (6.3 tons)

Waxes; Artificial, Prepared Exports in Ethiopia

For the third year in a row, Ethiopia recorded decline in shipments abroad of waxes; artificial, prepared, which decreased by 99.9% to 10 kg in 2022. Overall, exports continue to indicate a precipitous slump. The smallest decline of -1.7% was in 2021.

In value terms, waxes; artificial, prepared exports fell dramatically to $12 in 2022. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 5.1%.

Top Export Markets for Waxes; Artificial, Prepared from Ethiopia in 2022:

1. Kenya (10.0 kg)

Source: IndexBox Market Intelligence Platform