Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $4,076 per ton in 2022, stabilizing at the previous year. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $5,297 per ton in 2012; however, from 2013 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 Italy ($7,627 per ton), while the price for Finland ($1,489 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $7,160 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear; parts, outer soles and heels, of rubber or plasticses increased by +42.0% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 79% against the previous year. As a result, the export price attained the peak level of $8,382 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($16,278 per ton), while the average price for exports to China ($2,356 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 Ghana (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia

For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of footwear; parts, outer soles and heels, of rubber or plasticses, which increased by 9.9% to 1.1K tons in 2022. The total import volume increased at an average annual rate of +13.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses rose remarkably to $4.4M in 2022. The total import value increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Ethiopia in 2022:

1. China (918.9 tons)
2. Finland (58.1 tons)
3. Denmark (32.8 tons)
4. Turkey (27.8 tons)
5. Italy (26.2 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Ethiopia

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses exported from Ethiopia contracted remarkably to 1.6 tons, waning by -32.8% compared with the year before. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 10%.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses shrank remarkably to $11K in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 18%.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Ethiopia in 2022:

1. Italy (962.0 kg)
2. China (264.0 kg)
3. Uganda (180.0 kg)
4. South Sudan (97.0 kg)
5. Hong Kong SAR (35.0 kg)
6. Ghana (26.0 kg)

Source: IndexBox Market Intelligence Platform