Ethiopia: Dry Vegetable Market 2024

Dry Vegetable Market Size in Ethiopia

The Ethiopian dry vegetable market soared to $X in 2022, picking up by 49% against the previous year. Over the period under review, consumption showed a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Dry Vegetable Production in Ethiopia

In value terms, dry vegetable production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 19,348,200%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Dry Vegetable Exports

Exports from Ethiopia

In 2022, exports of dry vegetables from Ethiopia shrank significantly to X tons, with a decrease of -76.7% compared with 2021. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 625% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, dry vegetable exports contracted rapidly to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 490% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for dry vegetable exports from Ethiopia, accounting for a 30% share of total exports. Moreover, dry vegetable exports to the UK exceeded the volume sent to the second major destination, Israel (X kg), twofold. Russia (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+11.3% per year) and Russia (-22.4% per year).

In value terms, the largest markets for dry vegetable exported from Ethiopia were Israel ($X), Hong Kong SAR ($X) and Kenya ($X), together accounting for 68% of total exports. Nigeria, the UK, Russia, the Netherlands and Germany lagged somewhat behind, together comprising a further 19%.

Nigeria, with a CAGR of +35.1%, saw 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 dry vegetable export price amounted to $X per ton, with a decrease of -6.8% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the UK ($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 Russia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Vegetable Imports

Imports into Ethiopia

In 2022, the amount of dry vegetables imported into Ethiopia soared to X tons, with an increase of 27% on the year before. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 205%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, dry vegetable imports soared to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 229%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States (X tons), Egypt (X tons) and China (X tons) were the main suppliers of dry vegetable imports to Ethiopia, together comprising 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +42.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry vegetable suppliers to Ethiopia were Egypt ($X), the United States ($X) and China ($X), with a combined 97% share of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +40.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dry vegetable import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. 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 Tunisia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform