Ethiopia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Ethiopia

The Ethiopian plastic household articles market soared to $X in 2022, with an increase of 15% 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 saw buoyant growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Ethiopia

After two years of growth, shipments abroad of household articles and toilet articles of plastics decreased by -9.8% to X tons in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 308% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic household articles exports shrank slightly to $X in 2022. Over the period under review, exports saw a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 239%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Tanzania (X tons) and Belgium (X tons) were the main destinations of plastic household articles exports from Ethiopia, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +68.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household articles exported from Ethiopia were Belgium ($X), the United States ($X) and Germany ($X), with a combined 66% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +58.6%, recorded the highest rates of growth with regard to the value of exports, 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 plastic household articles export price amounted to $X per ton, increasing by 5.4% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 102% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to South Korea ($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 Mauritius (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Ethiopia

In 2022, approx. X tons of household articles and toilet articles of plastics were imported into Ethiopia; surging by 11% compared with the previous year's figure. Overall, imports posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 126%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic household articles imports surged to $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 241%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Ethiopia, accounting for a 47% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.8% per year) and the United Arab Emirates (+23.7% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Ethiopia, comprising 58% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.1% share of total imports. It was followed by India, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.0% per year) and India (+5.4% per year).

Import Prices by Country

The average plastic household articles import price stood at $X per ton in 2022, with an increase of 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2013 when the average import price increased by 51%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform