Ethiopia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Ethiopia

In 2022, the Ethiopian other chemical products market decreased by -3.6% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption, however, saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted slightly in the following year.

Other Chemical Products Exports

Exports from Ethiopia

In 2022, overseas shipments of other chemical products increased by 39% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 778% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, other chemical products exports surged to $X in 2022. In general, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 631%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for other chemical products exports from Ethiopia, accounting for a 95% share of total exports. Moreover, other chemical products exports to Nigeria exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled -17.3%.

In value terms, Nigeria ($X) remains the key foreign market for other chemical products exports from Ethiopia, comprising 91% of total exports. The second position in the ranking was taken by South Africa ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nigeria amounted to -4.4%.

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2022, dropping by -9.3% against the previous year. In general, the export price, however, recorded a noticeable increase. The growth pace was the most rapid in 2020 an increase of 194%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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 South Africa ($X per ton), while the average price for exports to Nigeria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Ethiopia

After four years of growth, supplies from abroad of other chemical products decreased by -7.5% to X tons in 2022. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, other chemical products imports declined to $X in 2022. Overall, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 93% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell modestly in the following year.

Imports by Country

China (X tons), India (X tons) and Singapore (X tons) were the main suppliers of other chemical products imports to Ethiopia, together accounting for 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +77.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of other chemical products to Ethiopia, comprising 56% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by India, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +95.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.8% per year) and India (+5.1% per year).

Import Prices by Country

In 2022, the average other chemical products import price amounted to $X per ton, picking up by 5.8% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other chemical products import price decreased by -23.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 45%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, 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 Singapore ($X per ton), while the price for Sudan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform