Ethiopia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Ethiopia

The Ethiopian market for articles of cellulose fibre-cement, not containing asbestos declined rapidly to $X in 2022, waning by -35.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Ethiopia

Exports of articles of cellulose fibre-cement, not containing asbestos from Ethiopia soared to X kg in 2017, with an increase of 577% compared with 2016. Over the period under review, exports saw a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos soared to $X in 2017. Overall, exports, however, continue to indicate a deep downturn. The exports peaked at $X in 2014; however, from 2015 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Ethiopia, with a 72% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Cote d'Ivoire exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold.

From 2014 to 2017, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

In value terms, Cote d'Ivoire ($X) and the United Arab Emirates ($X) appeared to be the largest markets for articles of cellulose fibre-cement, not containing asbestos exported from Ethiopia worldwide.

Cote d'Ivoire, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2017, rising by 2.6% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2017, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2017, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Cote d'Ivoire amounted to $X per ton.

From 2014 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.8%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Ethiopia

In 2022, imports of articles of cellulose fibre-cement, not containing asbestos into Ethiopia contracted markedly to X tons, waning by -35.3% on the previous year. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,038% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos dropped significantly to $X in 2022. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 659%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to Ethiopia, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +57.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Ethiopia, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +68.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.1% per year) and the United Arab Emirates (+0.1% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform