Price for Zinc; Waste and Scrap in Ethiopia - 2022
Contents:
- Price for Zinc; Waste and Scrap in Ethiopia (FOB) - 2022
- Exports of Zinc; Waste and Scrap in Ethiopia
Price for Zinc; Waste and Scrap in Ethiopia (FOB) - 2022
In 2022, the average zinc; waste and scrap export price amounted to $3,393 per ton, growing by 15% against the previous year. In general, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($13,400 per ton), while the average price for exports to Taiwan (Chinese) ($1,723 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 Kenya (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Zinc; Waste and Scrap in Ethiopia
In 2022, approx. 6.7 tons of zinc; waste and scraps were exported from Ethiopia; reducing by -9.3% compared with 2021 figures. Over the period under review, exports saw a abrupt decrease. The smallest decline of -9.3% was in 2021.
In value terms, zinc; waste and scrap exports amounted to $23K in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 4.6% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Zinc; Waste and Scrap in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 7.9 | 13.5 | 12.9 | 20.1 | 36.5% |
| Taiwan (Chinese) | 8.5 | 3.1 | 3.3 | 2.2 | -36.3% |
| India | 3.5 | 4.3 | 5.0 | 0.5 | -47.7% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 19.9 | 20.8 | 21.8 | 22.8 | 4.6% |
Top Export Markets for Zinc; Waste and Scrap from Ethiopia in 2022:
- Kenya (5.4 tons)
- Taiwan (Chinese) (1.3 tons)
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