Ethiopia - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Ethiopia - 2022
Contents:
- Metal Wool Price in Ethiopia (CIF) - 2022
- Metal Wool Price in Ethiopia (FOB) - 2022
- Metal Wool Imports in Ethiopia
- Metal Wool Exports in Ethiopia
Metal Wool Price in Ethiopia (CIF) - 2022
The average metal wool import price stood at $1,927 per ton in 2022, declining by -37.6% against the previous year. Overall, the import price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2019 an increase of 44%. Over the period under review, average import prices attained the peak figure at $4,779 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,137 per ton), while the price for Egypt ($1,145 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+31.1%), while the prices for the other major suppliers experienced a decline.
Metal Wool Price in Ethiopia (FOB) - 2022
The average metal wool export price stood at $1,986 per ton in 2022, with a decrease of -70.7% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 60%. The export price peaked at $6,771 per ton in 2021, and then declined dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($1,814 per ton), while the average price for exports to Mozambique stood at $96 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+53.7%), while the prices for the other major destinations experienced a decline.
Metal Wool Imports in Ethiopia
Metal wool imports into Ethiopia skyrocketed to 299 tons in 2022, increasing by 98% compared with the year before. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal wool imports skyrocketed to $577K in 2022. Overall, imports, however, recorded a mild setback.
Import of Metal Wool in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 509 | 605 | 304 | 493 | -1.1% |
United Arab Emirates | 12.4 | 9.7 | 34.9 | 37.9 | 45.1% |
Egypt | 20.3 | 34.5 | 85.9 | 22.9 | 4.1% |
Others | 64.7 | 17.0 | 41.2 | 23.0 | -29.2% |
Total | 606 | 666 | 466 | 577 | -1.6% |
Top Suppliers of Metal Wool to Ethiopia in 2022:
- China (258.7 tons)
- Egypt (20.0 tons)
- United Arab Emirates (17.7 tons)
Metal Wool Exports in Ethiopia
Metal wool exports from Ethiopia soared to 1.3 tons in 2022, growing by 470% against 2021. Overall, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal wool exports soared to $2.6K in 2022. In general, exports, however, continue to indicate a deep contraction.
Export of Metal Wool in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sudan | N/A | N/A | 962 | 2,177 | 126.3% |
Mozambique | N/A | N/A | N/A | 10.0 | 0% |
Belgium | 1,336 | N/A | N/A | N/A | 0% |
Namibia | 97.0 | N/A | 22.0 | N/A | -52.4% |
Morocco | 2,259 | N/A | N/A | N/A | 0% |
Switzerland | 71.0 | 202 | N/A | N/A | 184.5% |
Canada | N/A | 806 | N/A | N/A | 0% |
Others | N/A | 19.0 | 580 | 428 | 374.6% |
Total | 3,763 | 1,027 | 1,564 | 2,615 | -11.4% |
Top Export Markets for Metal Wool from Ethiopia in 2022:
- Sudan (1200.0 kg)
- Mozambique (104.0 kg)
This report provides an in-depth analysis of the metal wool 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 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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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