Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.3 per unit in 2022, jumping by 47% against the previous year. In general, the import price showed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +12.2% per year.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.1 per unit, dropping by -23.5% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $0.2 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Yemen.

From 2012 to 2022, the rate of growth in terms of prices for Yemen amounted to +1.2% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia

In 2022, after three years of growth, there was significant decline in overseas purchases of millstones, grindstones, grinding wheels and the like; of natural stones, when their volume decreased by -56.9% to 1.5M units. Over the period under review, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 6.6% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum at 3.4M units in 2021, and then dropped remarkably in the following year.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones declined significantly to $370K in 2022. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 13% against the previous year. Imports peaked at $583K in 2021, and then declined rapidly in the following year.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Ethiopia in 2022:

1. China (1454.1K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Ethiopia

Exports of millstones, grindstones, grinding wheels and the like; of natural stones from Ethiopia soared to 439K units in 2022, with an increase of 22% against the previous year. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones dropped to $32K in 2022. In general, exports, however, continue to indicate a precipitous curtailment. The smallest decline of -6.1% was in 2021. The exports peaked at $70K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Ethiopia in 2022:

1. Yemen (438.6K units)

Source: IndexBox Market Intelligence Platform