Ethiopia: Plastic Bag Market 2024

Plastic Bag Market Size in Ethiopia

The Ethiopian plastic bag market expanded markedly to $X in 2022, surging by 13% against the previous year. Overall, consumption showed a measured expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Plastic Bag Production in Ethiopia

In value terms, plastic bag production rose significantly to $X in 2022 estimated in export price. In general, production saw a perceptible expansion. The growth pace was the most rapid in 2020 when the production volume increased by 63% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports from Ethiopia

In 2022, the amount of plastic sacks and bags exported from Ethiopia reduced remarkably to X tons, declining by -16.3% on the year before. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 351%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic bag exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 387%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X tons) and Djibouti (X tons) were the main destinations of plastic bag exports from Ethiopia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of +272.6%).

In value terms, Somalia ($X) and Djibouti ($X) constituted the largest markets for plastic bag exported from Ethiopia worldwide.

Somalia, with a CAGR of +182.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average plastic bag export price stood at $X per ton in 2022, shrinking by -8% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic bag export price increased by +14.8% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 144%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Djibouti ($X per ton), while the average price for exports to Somalia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Bag Imports

Imports into Ethiopia

In 2022, approx. X tons of plastic sacks and bags were imported into Ethiopia; with an increase of 13% against the previous year's figure. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 93%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plastic bag imports expanded significantly to $X in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 106% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest plastic bag supplier to Ethiopia, accounting for a 69% share of total imports. Moreover, plastic bag imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.3% per year) and Turkey (+19.3% per year).

In value terms, India ($X) constituted the largest supplier of plastic sacks and bags to Ethiopia, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 25% share of total imports. It was followed by Turkey, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.5% per year) and Turkey (+13.4% per year).

Import Prices by Country

In 2022, the average plastic bag import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Saudi Arabia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform