Price for Waste, Parings and Scrap, of Plastics in Ethiopia - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Ethiopia (CIF) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Ethiopia (FOB) - 2022
3. Imports of Waste, Parings and Scrap, of Plastics in Ethiopia
4. Exports of Waste, Parings and Scrap, of Plastics in Ethiopia

Price for Waste, Parings and Scrap, of Plastics in Ethiopia (CIF) - 2022

The average import price for waste, parings and scrap, of plasticses stood at $963 per ton in 2022, with an increase of 34% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.4% 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 waste, parings and scrap, of plasticses increased by +97.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 48%. The import price peaked at $998 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($1,616 per ton), while the price for Kenya ($246 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+56.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Ethiopia (FOB) - 2022

The average export price for waste, parings and scrap, of plasticses stood at $503 per ton in 2022, surging by 12% against the previous year. Over the period under review, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $574 per ton in 2012; however, from 2013 to 2022, the 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 Bulgaria ($933 per ton), while the average price for exports to the United States ($275 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 Bulgaria (+69.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Waste, Parings and Scrap, of Plastics in Ethiopia

After two years of decline, supplies from abroad of waste, parings and scrap, of plasticses increased by 2,152% to 4.7K tons in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of waste, parings and scrap, of plasticses skyrocketed to $4.5M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Ethiopia in 2022:

1. China (3189.0 tons)
2. Kenya (590.0 tons)
3. Saudi Arabia (293.4 tons)
4. Italy (254.2 tons)
5. Vietnam (111.0 tons)
6. Spain (109.8 tons)
7. United States (102.5 tons)

Exports of Waste, Parings and Scrap, of Plastics in Ethiopia

In 2022, the amount of waste, parings and scrap, of plasticses exported from Ethiopia reached 7.3K tons, increasing by 14% compared with 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of waste, parings and scrap, of plasticses surged to $3.7M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Ethiopia in 2022:

1. Turkey (2770.3 tons)
2. Iraq (1319.5 tons)
3. Italy (1068.2 tons)
4. Spain (469.3 tons)
5. Ukraine (315.0 tons)
6. Romania (300.0 tons)
7. United States (270.0 tons)
8. Czech Republic (259.7 tons)
9. Bulgaria (148.3 tons)
10. United Arab Emirates (105.2 tons)
11. India (52.0 tons)

Source: IndexBox Market Intelligence Platform