Price for Safety Pins and Other Pins; of Iron or Steel in Ethiopia - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Ethiopia (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Ethiopia (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Ethiopia
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Ethiopia

Price for Safety Pins and Other Pins; of Iron or Steel in Ethiopia (CIF) - 2022

The average import price for safety pins and other pins; of iron or steels stood at $6,313 per ton in 2022, rising by 52% against the previous year. In general, the import price enjoyed perceptible growth. The pace of growth was the most pronounced in 2017 an increase of 54%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 United States ($11,444 per ton), while the price for India ($1,896 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Safety Pins and Other Pins; of Iron or Steel in Ethiopia (FOB) - 2022

The average export price for safety pins and other pins; of iron or steels stood at $1,000 per ton in 2022, falling by -93.6% against the previous year. In general, the export price showed a sharp curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 156%. Over the period under review, the average export prices attained the peak figure at $105,025 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +105.8% per year.

Imports of Safety Pins and Other Pins; of Iron or Steel in Ethiopia

In 2022, supplies from abroad of safety pins and other pins; of iron or steels decreased by -77.6% to 21 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of 718% against the previous year. As a result, imports attained the peak of 167 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of safety pins and other pins; of iron or steels reduced remarkably to $134K in 2022. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 733%. As a result, imports attained the peak of $654K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Ethiopia in 2022:

1. China (14.4 tons)
2. Italy (3.0 tons)
3. India (1.2 tons)
4. United States (0.7 tons)
5. Japan (0.7 tons)
6. South Korea (0.6 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Ethiopia

In 2022, after three years of growth, there was significant decline in shipments abroad of safety pins and other pins; of iron or steels, when their volume decreased by -97.3% to 1 kg. In general, exports showed a sharp setback. The growth pace was the most rapid in 2020 when exports increased by 100%.

In value terms, exports of safety pins and other pins; of iron or steels fell rapidly to $1 in 2022. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Ethiopia in 2022:

1. Egypt (1.0 kg)

Source: IndexBox Market Intelligence Platform