Price for Metals; Platinum, Unwrought or in Powder Form in Ethiopia - 2022

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Ethiopia (CIF) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Ethiopia (FOB) - 2022
3. Imports of Metals; Platinum, Unwrought or in Powder Form in Ethiopia
4. Exports of Metals; Platinum, Unwrought or in Powder Form in Ethiopia

Price for Metals; Platinum, Unwrought or in Powder Form in Ethiopia (CIF) - 2022

The average import price for metals; platinum, unwrought or in powder forms stood at $31,640,500 per ton in 2022, dropping by -8.4% against the previous year. Over the last two-year period, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2021 when the average import price increased by 17%. As a result, import price attained the peak level of $34,554,000 per ton, and then reduced in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2020 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.5% per year.

Price for Metals; Platinum, Unwrought or in Powder Form in Ethiopia (FOB) - 2022

In 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $29,736,000 per ton, standing approx. at the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 306% against the previous year. Over the period under review, the average export prices attained the maximum at $30,123,500 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($56,911,000 per ton), while the average price for exports to the United States totaled $2,561,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+25.3%).

Imports of Metals; Platinum, Unwrought or in Powder Form in Ethiopia

In 2022, approx. 6 kg of metals; platinum, unwrought or in powder forms were imported into Ethiopia; rising by 200% compared with the year before. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; platinum, unwrought or in powder forms soared to $190K in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Ethiopia in 2022:

1. United Arab Emirates (6.0 kg)

Exports of Metals; Platinum, Unwrought or in Powder Form in Ethiopia

In 2022, overseas shipments of metals; platinum, unwrought or in powder forms decreased by 0% to 2 kg, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 3 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of metals; platinum, unwrought or in powder forms contracted slightly to $59K in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 153%. As a result, the exports attained the peak of $61K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Ethiopia in 2022:

1. Turkey (1.0 kg)
2. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform