Price for Protein; Concentrates and Textured Protein Substances in Ethiopia - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Ethiopia (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Ethiopia (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Ethiopia
- Exports of Protein; Concentrates and Textured Protein Substances in Ethiopia
Price for Protein; Concentrates and Textured Protein Substances in Ethiopia (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $7,998 per ton in 2022, with an increase of 192% against the previous year. Over the period under review, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($8,319 per ton), while the price for France ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Protein; Concentrates and Textured Protein Substances in Ethiopia (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $1,581 per ton, dropping by -59.9% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 162% against the previous year. Over the period under review, the average export prices reached the maximum at $5,447 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,725 per ton), while the average price for exports to Sweden ($385 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 Somalia (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Protein; Concentrates and Textured Protein Substances in Ethiopia
In 2022, overseas purchases of protein; concentrates and textured protein substanceses decreased by -92.2% to 42 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2020 when imports increased by 62% against the previous year. As a result, imports reached the peak of 948 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of protein; concentrates and textured protein substanceses fell significantly to $333K in 2022. Over the period under review, imports saw a precipitous setback. The growth pace was the most rapid in 2020 when imports increased by 25% against the previous year. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Protein; Concentrates and Textured Protein Substances in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 31.8 | 2.3 | 2.0 | 320 | 115.9% |
| China | 5.2 | 1.0 | 0.7 | 9.9 | 23.9% |
| Kenya | 635 | 1,809 | 1,362 | 2.5 | -84.2% |
| United States | 88.7 | 611 | 24.5 | 0.4 | -83.5% |
| Belgium | 713 | 22.4 | 2.0 | N/A | -94.7% |
| France | 228 | 9.0 | 2.7 | N/A | -89.1% |
| South Africa | 34.4 | 111 | 42.9 | N/A | 11.7% |
| Others | 333 | 25.7 | 25.2 | 0.2 | -91.6% |
| Total | 2,069 | 2,591 | 1,462 | 333 | -45.6% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Ethiopia in 2022:
- India (38.5 tons)
- China (2.0 tons)
- Kenya (0.8 tons)
- United States (0.1 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Ethiopia
For the third consecutive year, Ethiopia recorded decline in shipments abroad of protein; concentrates and textured protein substanceses, which decreased by -69.6% to 253 kg in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -28.1% was in 2021.
In value terms, exports of protein; concentrates and textured protein substanceses contracted significantly to $400 in 2022. Overall, exports showed a sharp decline. The smallest decline of -27.9% was in 2020.
| Export of Protein; Concentrates and Textured Protein Substances in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 1.3 | 0.3 | 0.4 | 0.0% |
| Somalia | 7.8 | N/A | N/A | N/A | 0% |
| Sweden | N/A | N/A | N/A | N/A | 0% |
| Kuwait | 0.5 | 4.6 | 2.3 | N/A | 114.5% |
| Angola | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | 0.3 | 0.7 | N/A | 133.3% |
| Total | 8.7 | 6.3 | 3.3 | 0.4 | -64.2% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Ethiopia in 2022:
- United States (211.0 kg)
- Sweden (26.0 kg)
- Angola (16.0 kg)
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