Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $2.9 per unit in 2022, picking up by 26% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sanitary ware and parts thereof, of iron or steel increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 40%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 India ($7.7 per unit), while the price for the United Arab Emirates ($2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $6.1 per unit, picking up by 5.2% against the previous year. Overall, the export price showed a strong expansion. The growth pace was the most rapid in 2021 when the average export price increased by 133% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($7.5 per unit), while the average price for exports to Guatemala ($919 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia

Imports of sanitary ware and parts thereof, of iron or steel into Ethiopia skyrocketed to 2.9M units in 2022, increasing by 20% compared with 2021 figures. Overall, imports, however, showed a slight decline. Over the period under review, imports of reached the maximum at 3M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of sanitary ware and parts thereof, of iron or steel skyrocketed to $8.2M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Ethiopia in 2022:

1. China (2485.4K units)
2. Italy (112.3K units)
3. United Arab Emirates (70.6K units)
4. Turkey (60.0K units)
5. India (46.1K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Ethiopia

In 2022, the amount of sanitary ware and parts thereof, of iron or steel exported from Ethiopia surged to 2.3K units, rising by 304% on the previous year's figure. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 578%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of sanitary ware and parts thereof, of iron or steel skyrocketed to $14K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 530% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Ethiopia in 2022:

1. Netherlands (1386.0 units)
2. Turkey (495.0 units)
3. Tanzania (227.0 units)
4. Guatemala (99.0 units)
5. Malawi (43.0 units)

Source: IndexBox Market Intelligence Platform