Quartzite Price in Ethiopia - 2022

Contents:

1. Quartzite Price in Ethiopia (FOB) - 2022
2. Quartzite Price in Ethiopia (CIF) - 2022
3. Quartzite Exports in Ethiopia
4. Quartzite Imports in Ethiopia

Quartzite Price in Ethiopia (FOB) - 2022

In 2022, the average quartzite export price amounted to $3,302 per ton, surging by 9.6% against the previous year. In general, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 31%. As a result, the export price reached the peak level of $8,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,255 per ton), while the average price for exports to China totaled $3,149 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-6.4%).

Quartzite Price in Ethiopia (CIF) - 2022

In 2022, the average quartzite import price amounted to $394 per ton, increasing by 3.6% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the peak figure at $2,382 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($5,111 per ton), while the price for India ($381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced a decline.

Quartzite Exports in Ethiopia

For the fourth consecutive year, Ethiopia recorded growth in overseas shipments of quartzite, which increased by 0.7% to 2.6 tons in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 180% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, quartzite exports rose significantly to $8.7K in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 142% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Quartzite from Ethiopia in 2022:

1. United States (2376.0 kg)
2. China (248.0 kg)

Quartzite Imports in Ethiopia

In 2022, overseas purchases of quartzite decreased by -65.3% to 3.5 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 513%. As a result, imports reached the peak of 128 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, quartzite imports contracted remarkably to $1.4K in 2022. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 343% against the previous year. As a result, imports reached the peak of $62K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Quartzite to Ethiopia in 2022:

1. India (3.3 tons)
2. China (0.2 tons)

Source: IndexBox Market Intelligence Platform