Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,252 per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 39%. As a result, import price reached the peak level of $1,533 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($1,593 per ton) and Egypt ($1,542 per ton), while the price for Malaysia ($1,083 per ton) and Indonesia ($1,171 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,452 per ton, rising by 1.8% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 119%. As a result, the export price attained the peak level of $4,154 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($2,761 per ton), while the average price for exports to Canada ($2,413 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 (+105.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia

In 2022, overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats increased by 43% to 2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt shrinkage.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $2.6M in 2022. In general, imports, however, recorded a deep contraction.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Ethiopia in 2022:

1. Indonesia (1032.8 tons)
2. Malaysia (462.3 tons)
3. United States (280.5 tons)
4. Yemen (125.4 tons)
5. Egypt (112.0 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ethiopia

In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Ethiopia shrank dramatically to 208 kg, waning by -45.1% compared with 2021 figures. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 953% against the previous year. As a result, the exports attained the peak of 379 kg, and then contracted notably in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats fell remarkably to $510 in 2022. Over the period under review, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 761% against the previous year. As a result, the exports reached the peak of $913, and then shrank sharply in the following year.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Ethiopia in 2022:

1. Canada (171.0 kg)
2. Kuwait (30.0 kg)
3. Australia (7.0 kg)

Source: IndexBox Market Intelligence Platform