Price for Fibres; Synthetic Filament Tow, of Polypropylene in Ethiopia - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, of Polypropylene in Ethiopia (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Ethiopia
Price for Fibres; Synthetic Filament Tow, of Polypropylene in Ethiopia (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, of polypropylene amounted to $2,720 per ton, surging by 3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $4,364 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -0.3% per year.
Imports of Fibres; Synthetic Filament Tow, of Polypropylene in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of fibres; synthetic filament tow, of polypropylene, which increased by 2.5% to 60 tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 2.5% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of fibres; synthetic filament tow, of polypropylene totaled $163K in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Synthetic Filament Tow, of Polypropylene in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 139 | 48.1 | 155 | 163 | 5.5% |
| South Africa | N/A | 21.2 | N/A | N/A | 0% |
| Others | N/A | 77.3 | N/A | N/A | 0% |
| Total | 139 | 147 | 155 | 163 | 5.5% |
Top Suppliers of Fibres; Synthetic Filament Tow, of Polypropylene to Ethiopia in 2022:
- South Korea (60.0 tons)
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