Ethiopia: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2025

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Ethiopia

In 2022, the Ethiopian reaction initiators and accelerators market decreased by -16.1% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Ethiopia

In 2021, after two years of decline, there was significant growth in shipments abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume increased by 516% to X tons. Over the period under review, exports showed a prominent expansion. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports soared to $X in 2021. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa (X kg) and Jordan (X kg) were the main destinations of reaction initiators and accelerators exports from Ethiopia.

From 2015 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (with a CAGR of +632.8%).

In value terms, the largest markets for reaction initiators and accelerators exported from Ethiopia were Jordan ($X) and South Africa ($X).

Jordan, with a CAGR of +1,343.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average reaction initiators and accelerators export price amounted to $X per ton, rising by 53% against the previous year. Overall, the export price enjoyed perceptible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+96.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Ethiopia

In 2022, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -27.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 263%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reaction initiators and accelerators imports shrank to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 218% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest reaction initiators and accelerators supplier to Ethiopia, accounting for a 33% share of total imports. Moreover, reaction initiators and accelerators imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.2% per year) and Belgium (+11.1% per year).

In value terms, Belgium ($X), China ($X) and Thailand ($X) appeared to be the largest reaction initiators and accelerators suppliers to Ethiopia, together accounting for 49% of total imports. The United States, Finland, Germany, Japan, Turkey, India, Italy, the United Arab Emirates, Taiwan (Chinese) and Egypt lagged somewhat behind, together comprising a further 41%.

Finland, with a CAGR of +11.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, growing by 22% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price decreased by -25.1% against 2016 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform