Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia - 2022

Contents:

1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia (CIF) - 2022
2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia (FOB) - 2022
3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia
4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia (CIF) - 2022

In 2022, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $3,726 per ton, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 an increase of 13% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Turkey ($5,602 per ton), while the price for Kenya ($2,484 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia (FOB) - 2022

The average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $6,653 per ton in 2022, growing by 30% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Djibouti ($81,098 per ton), while the average price for exports to India ($1,630 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 Djibouti (+34.1%).

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia

In 2022, overseas purchases of aluminium plates, sheets and strip of thickness exceeding 0.2 mms decreased by -22.2% to 2.4K tons, falling for the second year in a row after two years of growth. In general, imports faced a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of 7.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms reduced to $9.1M in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Ethiopia in 2022:

1. China (1388.5 tons)
2. India (519.6 tons)
3. Egypt (213.1 tons)
4. South Korea (154.5 tons)
5. Kenya (83.4 tons)

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Ethiopia

In 2022, overseas shipments of aluminium plates, sheets and strip of thickness exceeding 0.2 mms decreased by -23% to 5.4 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a deep setback. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year. As a result, the exports attained the peak of 16 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms fell modestly to $36K in 2022. In general, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 74% against the previous year. As a result, the exports reached the peak of $72K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Ethiopia in 2022:

1. India (4.9 tons)
2. Djibouti (0.3 tons)
3. Czech Republic (0.2 tons)

Source: IndexBox Market Intelligence Platform