Report Update Nov 1, 2024

Ethiopia - Animal or Vegetable Fats and Oils Chemically Modified - Market Analysis, Forecast, Size, Trends and Insights

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Ethiopia: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Ethiopia

After two years of growth, the Ethiopian chemically modified oils market decreased by -38.5% to $X in 2022. In general, consumption, however, saw a prominent expansion. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Chemically Modified Oils Exports

Exports from Ethiopia

After two years of decline, overseas shipments of animal or vegetable fats and oils chemically modified decreased by -79.3% to X kg in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 329% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, chemically modified oils exports shrank rapidly to $X in 2021. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 148% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X kg) was the main destination for chemically modified oils exports from Ethiopia, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Ukraine was relatively modest.

In value terms, Ukraine ($X) emerged as the key foreign market for animal or vegetable fats and oils chemically modified exports from Ethiopia.

From 2015 to 2021, the average annual growth rate of value to Ukraine was relatively modest.

Export Prices by Country

In 2021, the average chemically modified oils export price amounted to $X per ton, picking up by 7.3% against the previous year. In general, the export price, however, saw a pronounced curtailment. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ukraine.

From 2015 to 2021, the rate of growth in terms of prices for Ukraine amounted to 0.0% per year.

Chemically Modified Oils Imports

Imports into Ethiopia

In 2022, purchases abroad of animal or vegetable fats and oils chemically modified decreased by -37.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 388%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, chemically modified oils imports reduced markedly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 with an increase of 447%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest chemically modified oils supplier to Ethiopia, with a 48% share of total imports. Moreover, chemically modified oils imports from Indonesia exceeded the figures recorded by the second-largest supplier, Kenya (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+4.5% per year) and South Korea (0.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Ethiopia, comprising 52% of total imports. The second position in the ranking was taken by South Korea ($X), with a 23% share of total imports. It was followed by Kenya, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (0.0% per year) and Kenya (+4.3% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, waning by -3.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 South Korea ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the chemically modified oils market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20592000 - Animal or vegetable fats and oils chemically modified

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023