Price for Pectic Substances; Pectinates and Pectates in Ethiopia - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Ethiopia (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Ethiopia (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Ethiopia
4. Exports of Pectic Substances; Pectinates and Pectates in Ethiopia

Price for Pectic Substances; Pectinates and Pectates in Ethiopia (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $12,129 per ton, growing by 14% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 69%. The import price peaked at $24,077 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($22,399 per ton), while the price for the United States totaled $9,485 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.6%), while the prices for the other major suppliers experienced a decline.

Price for Pectic Substances; Pectinates and Pectates in Ethiopia (FOB) - 2022

In 2020, the average export price for pectic substances; pectinates and pectateses amounted to $2,393 per ton, waning by -24.6% against the previous year. Overall, the export price continues to indicate a sharp descent. Over the period under review, the average export prices reached the maximum at $3,174 per ton in 2019, and then contracted dramatically in the following year.

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

From 2019 to 2020, the rate of growth in terms of prices for the United States amounted to -28.8% per year.

Imports of Pectic Substances; Pectinates and Pectates in Ethiopia

In 2022, after three years of growth, there was significant decline in overseas purchases of pectic substances; pectinates and pectateses, when their volume decreased by -38.5% to 3.1 tons. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 214%.

In value terms, pectic substances; pectinates and pectates imports shrank notably to $38K in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 165% against the previous year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Ethiopia in 2022:

1. United States (2.5 tons)
2. Czech Republic (0.6 tons)

Exports of Pectic Substances; Pectinates and Pectates in Ethiopia

In 2020, the amount of pectic substances; pectinates and pectateses exported from Ethiopia contracted sharply to 56 kg, reducing by -94.1% compared with 2019. Over the period under review, exports showed a sharp descent.

In value terms, pectic substances; pectinates and pectates exports declined notably to $134 in 2020. Overall, exports continue to indicate a precipitous contraction.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Ethiopia in 2022:

1. United States (56.0 kg)

Source: IndexBox Market Intelligence Platform