Ethiopia: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Ethiopia

The Ethiopian market for crispbread, rusks and toasted bread dropped slightly to $X in 2022, shrinking by -2.9% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Crispbread, rusk and toasted bread consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Crispbread, Rusks and Toasted Bread in Ethiopia

In value terms, crispbread, rusk and toasted bread production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 39%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Ethiopia

In 2022, overseas shipments of crispbread, rusks and toasted bread decreased by -29.4% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 142%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, crispbread, rusk and toasted bread exports contracted dramatically to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 149%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Kuwait (X tons), the UK (X tons) and Australia (X tons) were the main destinations of crispbread, rusk and toasted bread exports from Ethiopia, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +57.2%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the UK ($X) and Australia ($X) were the largest markets for crispbread, rusk and toasted bread exported from Ethiopia worldwide, together accounting for 95% of total exports.

The UK, with a CAGR of +63.1%, 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for crispbread, rusks and toasted bread amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2014 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Germany ($X 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 Australia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Ethiopia

Crispbread, rusk and toasted bread imports into Ethiopia dropped dramatically to X tons in 2022, waning by -28% against the previous year's figure. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 250% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread imports dropped markedly to $X in 2022. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 238%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Denmark (X tons), the UK (X tons) and Germany (X kg) were the main suppliers of crispbread, rusk and toasted bread imports to Ethiopia, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +7.7%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X), Denmark ($X) and Germany ($X) appeared to be the largest crispbread, rusk and toasted bread suppliers to Ethiopia, with a combined 90% share of total imports.

The UK, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, falling by -5.2% against the previous year. In general, the import price, however, recorded perceptible growth. The growth pace was the most rapid in 2018 an increase of 92% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+75.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform