Price for Rubber Thread and Cord; Textile Covered in Ethiopia - 2022
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Ethiopia (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Ethiopia (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Ethiopia
- Exports of Rubber Thread and Cord; Textile Covered in Ethiopia
Price for Rubber Thread and Cord; Textile Covered in Ethiopia (CIF) - 2022
The average import price for rubber thread and cord; textile covereds stood at $4,814 per ton in 2022, reducing by -12.4% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31%. As a result, import price attained the peak level of $8,241 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($10,442 per ton), while the price for China ($2,527 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+22.2%), while the prices for the other major suppliers experienced a decline.
Price for Rubber Thread and Cord; Textile Covered in Ethiopia (FOB) - 2022
The average export price for rubber thread and cord; textile covereds stood at $6,529 per ton in 2022, dropping by -36.2% against the previous year. Over the period under review, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2019 an increase of 59% against the previous year. As a result, the export price attained the peak level of $24,041 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($6,492 per ton), while the average price for exports to China ($2,000 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 Turkey (-1.8%), while the prices for the other major destinations experienced a decline.
Imports of Rubber Thread and Cord; Textile Covered in Ethiopia
In 2022, imports of rubber thread and cord; textile covereds into Ethiopia surged to 606 tons, increasing by 33% on the previous year's figure. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of rubber thread and cord; textile covereds skyrocketed to $2.9M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 27%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Rubber Thread and Cord; Textile Covered in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,554 | 1,532 | 1,396 | 1,684 | 2.7% |
| China | 231 | 885 | 675 | 812 | 52.0% |
| Sri Lanka | 392 | 348 | 376 | 343 | -4.4% |
| Others | 42.6 | 49.1 | 48.5 | 76.2 | 21.4% |
| Total | 2,220 | 2,815 | 2,496 | 2,915 | 9.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Ethiopia in 2022:
- China (321.2 tons)
- Taiwan (Chinese) (238.6 tons)
- Sri Lanka (32.8 tons)
Exports of Rubber Thread and Cord; Textile Covered in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in overseas shipments of rubber thread and cord; textile covereds, which increased by 59% to 2.2 tons in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 149% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of rubber thread and cord; textile covereds amounted to $15K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 99% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Rubber Thread and Cord; Textile Covered in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 7.1 | 11.9 | 10.6 | 12.9 | 22.0% |
| Kenya | N/A | N/A | N/A | 1.4 | 0% |
| China | N/A | N/A | 3.1 | N/A | 0% |
| Others | N/A | 2.1 | 0.6 | 0.3 | -62.2% |
| Total | 7.1 | 14.1 | 14.3 | 14.5 | 26.9% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Ethiopia in 2022:
- Turkey (1981.0 kg)
- Kenya (237.0 kg)
- China (1.0 kg)
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