Ethiopia: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Ethiopia

The Ethiopian plastic self-adhesive plate market expanded to $X in 2022, rising by 2.3% 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, however, showed a resilient increase. Plastic self-adhesive plate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plastic Self-Adhesive Plate Exports

Exports from Ethiopia

Plastic self-adhesive plate exports from Ethiopia fell to X tons in 2022, waning by -10.6% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 831%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic self-adhesive plate exports declined rapidly to $X in 2022. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by 502% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X kg), China (X kg) and the United Arab Emirates (X kg) were the main destinations of plastic self-adhesive plate exports from Ethiopia, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +81.6%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Ethiopia, comprising 58% of total exports. The second position in the ranking was taken by China ($X), with a 9.7% share of total exports. It was followed by the United Arab Emirates, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at +109.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.4% per year) and the United Arab Emirates (+6.0% per year).

Export Prices by Country

The average plastic self-adhesive plate export price stood at $X per ton in 2022, with a decrease of -10% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the average price for exports to Germany ($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 Vietnam (+1,113.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Ethiopia

After four years of growth, supplies from abroad of plastic self-adhesive plates, sheets and other flat shapes decreased by -3% to X tons in 2022. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 137%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, plastic self-adhesive plate imports expanded to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 114%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic self-adhesive plate to Ethiopia, with a 46% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, Kenya (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+43.5% per year) and Turkey (+49.8% per year).

In value terms, China ($X) constituted the largest supplier of plastic self-adhesive plates, sheets and other flat shapes to Ethiopia, comprising 38% of total imports. The second position in the ranking was held by Kenya ($X), with a 13% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+39.8% per year) and Germany (+31.1% per year).

Import Prices by Country

In 2022, the average plastic self-adhesive plate import price amounted to $X per ton, surging by 6.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform