Cereals; Millet Price in Ethiopia - 2022
Contents:
- Cereals; Millet Price in Ethiopia (FOB) - 2022
- Cereals; Millet Price in Ethiopia (CIF) - 2022
- Cereals; Millet Exports in Ethiopia
- Cereals; Millet Imports in Ethiopia
Cereals; Millet Price in Ethiopia (FOB) - 2022
The average cereals; millet export price stood at $1,277 per ton in 2022, rising by 6.2% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet export price increased by +76.7% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 6.2% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Israel.
From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to +5.9% per year.
Cereals; Millet Price in Ethiopia (CIF) - 2022
In 2022, the average cereals; millet import price amounted to $579 per ton, with a decrease of -18.8% against the previous year. In general, the import price faced a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price decreased by -11.1% against the previous year. Over the period under review, average import prices hit record highs at $4,228 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -18.2% per year.
Cereals; Millet Exports in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas shipments of cereals; millets, which decreased by -7.8% to 55 tons in 2022. Over the period under review, exports recorded a deep contraction. The smallest decline of -7.8% was in 2021.
In value terms, cereals; millet exports declined slightly to $70K in 2022. Overall, exports saw a pronounced shrinkage. The smallest decline of -2% was in 2020.
| Export of Cereals; Millet in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 74.3 | 72.8 | 71.4 | 69.9 | -2.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 74.3 | 72.8 | 71.4 | 69.9 | -2.0% |
Top Export Markets for Cereals; Millet from Ethiopia in 2022:
- Israel (54.8 tons)
Cereals; Millet Imports in Ethiopia
In 2022, cereals; millet imports into Ethiopia expanded rapidly to 5.9 tons, surging by 9.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 9.6% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet imports contracted to $3.4K in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The smallest decline of -11% was in 2020.
| Import of Cereals; Millet in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 4.3 | 3.8 | 3.4 | -11.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.9 | 4.3 | 3.8 | 3.4 | -11.5% |
Top Suppliers of Cereals; Millet to Ethiopia in 2022:
- China (5.9 tons)
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