Ethiopia: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Ethiopia

In 2022, the Ethiopian market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by 80% to $X, rising for the third year in a row after two years of decline. In general, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Ethiopia

In 2022, shipments abroad of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -28.5% to X kg, falling for the third year in a row after two years of growth. In general, exports, however, showed a modest increase. The growth pace was the most rapid in 2019 when exports increased by 3,048%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X in 2022. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 16,725% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Estonia (X kg) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Ethiopia, accounting for a 97% share of total exports. It was followed by Germany (X kg), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia was relatively modest.

In value terms, Estonia ($X) emerged as the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from Ethiopia, comprising 99% of total exports. The second position in the ranking was taken by Germany ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia was relatively modest.

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, with an increase of 41% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 434% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%).

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Ethiopia

Imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) into Ethiopia surged to X tons in 2022, rising by 40% against 2021 figures. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by 41%. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) soared to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Ethiopia, with a combined 64% share of total imports. Turkey, Denmark, Italy, Germany, Thailand and Indonesia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Ethiopia, comprising 39% of total imports. The second position in the ranking was held by Austria ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+24.6% per year) and the United Arab Emirates (+16.7% per year).

Import Prices by Country

In 2022, the average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, increasing by 37% against the previous year. Overall, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform