Ethiopia: Plastic Packaging Market 2024

Plastic Packaging Market Size in Ethiopia

The Ethiopian plastic packaging market expanded markedly to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Plastic packaging consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plastic Packaging Production in Ethiopia

In value terms, plastic packaging production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Plastic packaging production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Plastic Packaging Exports

Exports from Ethiopia

In 2022, approx. X tons of plastic packaging were exported from Ethiopia; falling by X% compared with the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic packaging exports declined markedly to $X in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for plastic packaging exports from Ethiopia, accounting for a X% share of total exports. Moreover, plastic packaging exports to India exceeded the volume sent to the second major destination, Somalia (X tons), twofold. The third position in this ranking was taken by South Africa (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (X% per year) and South Africa (X% per year).

In value terms, India ($X) emerged as the key foreign market for plastic packaging exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Somalia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Somalia (X% per year).

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Israel ($X per ton), while the average price for exports to Sri Lanka ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Packaging Imports

Imports into Ethiopia

In 2022, supplies from abroad of plastic packaging increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic packaging imports stood at $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest plastic packaging supplier to Ethiopia, accounting for a X% share of total imports. Moreover, plastic packaging imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Saudi Arabia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

In value terms, India ($X) constituted the largest supplier of plastic packaging to Ethiopia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The average plastic packaging import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 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 China ($X per ton), while the price for India ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform