Ethiopia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Ethiopia

In 2022, the Ethiopian saturated acyclic monocarboxylic acids market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a perceptible expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Ethiopia

In value terms, saturated acyclic monocarboxylic acids production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production showed a dramatic contraction. The most prominent rate of growth was recorded in 2019 with a decrease of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Ethiopia

After two years of decline, overseas shipments of saturated acyclic monocarboxylic acids decreased by X% to X kg in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports contracted rapidly to $X in 2022. Overall, exports showed a precipitous curtailment. The smallest decline of X% was in 2019. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for saturated acyclic monocarboxylic acids exports from Ethiopia, accounting for a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to India exceeded the volume sent to the second major destination, Andorra (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for saturated acyclic monocarboxylic acids exports from Ethiopia, comprising X% of total exports. The second position in the ranking was taken by Andorra ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2019 a decrease of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Andorra amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%).

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Ethiopia

In 2022, purchases abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids imports rose sharply to $X in 2022. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Ethiopia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of saturated acyclic monocarboxylic acids to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform