Ethiopia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Ethiopia

The Ethiopian market for malt extract and food preparations of flour, meal, and starches rose rapidly to $X in 2022, surging by 7.4% 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). Overall, consumption saw a buoyant increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Ethiopia

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches decreased by -35.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 455% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches fell sharply to $X in 2022. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2015 when exports increased by 944%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Ethiopia, accounting for a 53% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.7% per year) and the UK (+25.1% per year).

In value terms, the UK ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Ethiopia, comprising 58% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+57.4% per year) and the United States (+26.2% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with an increase of 9.7% against the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2014 when the average export price increased by 180% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 Somalia (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Ethiopia

In 2022, the amount of malt extract and food preparations of flour, meal, and starches imported into Ethiopia rose slightly to X tons, growing by 2.6% against 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 512%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded sharply to $X in 2022. Overall, imports showed strong growth. The growth pace was the most rapid in 2014 when imports increased by 564%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Ethiopia, together comprising 89% of total imports. Kenya and South Africa lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +68.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Ethiopia, comprising 62% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+27.5% per year) and Italy (-5.8% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, increasing by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 14%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform