Frozen Strawberries Price in Ethiopia - 2021
Contents:
- Frozen Strawberries Price in Ethiopia (FOB) - 2022
- Frozen Strawberries Price in Ethiopia (CIF) - 2022
- Frozen Strawberries Exports in Ethiopia
- Frozen Strawberries Imports in Ethiopia
Frozen Strawberries Price in Ethiopia (FOB) - 2022
The average frozen strawberries export price stood at $3,097 per ton in 2022, approximately equating the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen strawberries export price decreased by -3.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $3,206 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($3,399 per ton), while the average price for exports to the United Arab Emirates totaled $2,978 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Strawberries Price in Ethiopia (CIF) - 2022
The average frozen strawberries import price stood at $7,182 per ton in 2022, increasing by 228% against the previous year. Overall, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +30.3% per year.
Frozen Strawberries Exports in Ethiopia
In 2022, the amount of frozen strawberrieses exported from Ethiopia fell sharply to 4.4 tons, which is down by -86.2% against 2021 figures. In general, exports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
In value terms, frozen strawberries exports fell remarkably to $14K in 2022. Over the period under review, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year.
Export of Frozen Strawberries in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 5.2 | 9.9 | 9.3 | 33.7% |
Kuwait | N/A | N/A | N/A | 4.2 | 0% |
Poland | 15.8 | 13.4 | 12.9 | N/A | -9.6% |
Saudi Arabia | 142 | 66.2 | 75.3 | N/A | -27.2% |
Others | N/A | 0.2 | N/A | N/A | 0% |
Total | 158 | 85.0 | 98.1 | 13.5 | -56.0% |
Top Export Markets for Frozen Strawberries from Ethiopia in 2022:
- United Arab Emirates (3.1 tons)
- Kuwait (1.2 tons)
Frozen Strawberries Imports in Ethiopia
In 2022, overseas purchases of frozen strawberrieses decreased by -90.2% to 99 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of 1.3 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, frozen strawberries imports reduced sharply to $711 in 2022. In general, imports recorded a sharp descent. The smallest decline of -3.2% was in 2020.
Import of Frozen Strawberries in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | N/A | 0.7 | 0% |
France | 0.1 | N/A | N/A | N/A | 0% |
United Arab Emirates | 1.2 | 2.3 | 1.5 | N/A | 11.8% |
South Africa | N/A | N/A | 0.7 | N/A | 0% |
Italy | 1.0 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.4 | 2.3 | 2.2 | 0.7 | -33.7% |
Top Suppliers of Frozen Strawberries to Ethiopia in 2022:
- Turkey (99.0 kg)
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Global frozen fruit trade expanded to $7.1B in 2021.
Global frozen fruit imports continue to grow in physical terms, expanding twofold over the past decade. In 2020, global imports rose by +3% y-o-y to 2.7M tons. In value terms, imports reached $5.8B last year. The U.S. and Germany remain the largest importers of frozen fruits worldwide, with a combined 34%-share of the global figure. The U.S. featured the highest growth rate of imports in physical terms in 2020. The average global frozen fruit import price amounted to $2,121 per ton in 2020, increasing by +8.2% y-o-y.
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