Starches; Inulin Price in Ethiopia - 2022
Contents:
- Starches; Inulin Price in Ethiopia (CIF) - 2022
- Starches; Inulin Price in Ethiopia (FOB) - 2022
- Starches; Inulin Imports in Ethiopia
- Starches; Inulin Exports in Ethiopia
Starches; Inulin Price in Ethiopia (CIF) - 2022
The average starches; inulin import price stood at $851 per ton in 2022, with an increase of 53% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($1,056 per ton) and India ($839 per ton), while the price for Saudi Arabia ($710 per ton) and Turkey ($742 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Ethiopia (FOB) - 2022
The average starches; inulin export price stood at $1,446 per ton in 2022, surging by 32% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2017 an increase of 177% against the previous year. Over the period under review, the average export prices hit record highs at $2,001 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,684 per ton), while the average price for exports to Sweden ($504 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 the Netherlands (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Ethiopia
Starches; inulin imports into Ethiopia surged to 1.5K tons in 2022, increasing by 150% against the previous year's figure. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports soared to $1.3M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Starches; Inulin in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 10.8 | 66.9 | 107 | 672 | 296.3% |
China | 157 | 80.3 | 84.8 | 452 | 42.3% |
India | 48.5 | 40.5 | 85.8 | 151 | 46.0% |
Pakistan | 43.7 | 17.8 | 44.8 | N/A | 1.3% |
Others | 37.9 | 28.4 | 18.1 | 24.9 | -13.1% |
Total | 298 | 234 | 340 | 1,299 | 63.4% |
Top Suppliers of Starches; Inulin to Ethiopia in 2022:
- Turkey (905.4 tons)
- China (427.8 tons)
- India (179.6 tons)
Starches; Inulin Exports in Ethiopia
In 2022, exports of starches; inulins from Ethiopia shrank significantly to 1.8 tons, which is down by -17.7% on the previous year. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year.
In value terms, starches; inulin exports stood at $2.6K in 2022. In general, exports saw a dramatic curtailment.
Export of Starches; Inulin in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4,928 | 1,830 | 1,032 | 1,389 | -34.4% |
Sweden | N/A | N/A | 882 | 570 | -35.4% |
Oman | 698 | 470 | 208 | 279 | -26.3% |
Canada | 555 | 404 | 201 | 213 | -27.3% |
Netherlands | 60.0 | 84.0 | 83.0 | 160 | 38.7% |
Others | N/A | 51.0 | 12.0 | 18.0 | -40.6% |
Total | 6,241 | 2,839 | 2,418 | 2,629 | -25.0% |
Top Export Markets for Starches; Inulin from Ethiopia in 2022:
- Sweden (1132.0 kg)
- United States (377.0 kg)
- Canada (136.0 kg)
- Oman (108.0 kg)
- Netherlands (62.0 kg)
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