Ethiopia - Festive Or Carnival Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFestive Articles Price in Ethiopia - 2022
Contents:
- Festive Articles Price in Ethiopia (CIF) - 2022
- Festive Articles Price in Ethiopia (FOB) - 2022
- Festive Articles Imports in Ethiopia
- Festive Articles Exports in Ethiopia
Festive Articles Price in Ethiopia (CIF) - 2022
In 2022, the average festive articles import price amounted to $3,194 per ton, growing by 33% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $3,333 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 +1.6% per year.
Festive Articles Price in Ethiopia (FOB) - 2022
The average festive articles export price stood at $3,911 per ton in 2022, surging by 8% against the previous year. In general, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The export price peaked at $8,058 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($21,300 per ton), while the average price for exports to Portugal ($177 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Festive Articles Imports in Ethiopia
Festive articles imports into Ethiopia shrank to 718 tons in 2022, waning by -6.4% against the previous year's figure. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year.
In value terms, festive articles imports soared to $2.3M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +111.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
Import of Festive Articles in Ethiopia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.0 | 1.1 | 1.7 | 2.2 | 3.2% |
Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
Total | 2.1 | 1.1 | 1.8 | 2.3 | 3.1% |
Top Suppliers of Festive Articles to Ethiopia in 2022:
- China (697.1 tons)
Festive Articles Exports in Ethiopia
In 2022, the amount of festive or carnival articles exported from Ethiopia shrank notably to 5.3 tons, which is down by -75% against the previous year. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 838%. As a result, the exports reached the peak of 21 tons, and then declined notably in the following year.
In value terms, festive articles exports shrank sharply to $21K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 767%. As a result, the exports attained the peak of $76K, and then dropped sharply in the following year.
Export of Festive Articles in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kenya | 0.5 | 0.2 | 0.2 | 5.0 | 115.4% |
Germany | 0.6 | 4.4 | 7.0 | 4.4 | 94.3% |
United States | N/A | 0.2 | 3.8 | 2.4 | 246.4% |
Uganda | 0.1 | 0.9 | N/A | 2.1 | 175.9% |
Turkey | 0.1 | N/A | N/A | 1.8 | 162.1% |
Switzerland | 0.1 | N/A | 0.5 | 0.8 | 100.0% |
Norway | N/A | 0.2 | 0.1 | 0.7 | 87.1% |
Canada | 0.5 | N/A | 0.2 | 0.3 | -15.7% |
South Africa | 0.7 | N/A | 0.4 | 0.2 | -34.1% |
United Arab Emirates | N/A | 0.2 | N/A | 0.2 | 0.0% |
Tanzania | N/A | N/A | N/A | 0.2 | 0% |
Nigeria | N/A | N/A | N/A | 0.1 | 0% |
Portugal | N/A | N/A | N/A | N/A | 0% |
Others | 5.7 | 2.6 | 64.0 | 2.4 | -25.0% |
Total | 8.1 | 8.8 | 76.3 | 20.6 | 36.5% |
Top Export Markets for Festive Articles from Ethiopia in 2022:
- Kenya (1367.0 kg)
- United States (619.0 kg)
- Norway (544.0 kg)
- Germany (384.0 kg)
- Canada (264.0 kg)
- Portugal (175.0 kg)
- Turkey (174.0 kg)
- South Africa (142.0 kg)
- United Arab Emirates (100.0 kg)
- Uganda (100.0 kg)
- Nigeria (100.0 kg)
- Switzerland (99.0 kg)
- Tanzania (91.0 kg)
This report provides an in-depth analysis of the festive articles market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32995150 - Festive, carnival or other entertainment articles, n.e.c.
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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