Ethiopia: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Ethiopia

The Ethiopian market for self-adhesive plastic tape in rolls of a width under 20cm rose remarkably to $X in 2022, increasing by 7.4% 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). Overall, consumption recorded a significant expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Ethiopia

In 2022, after three years of growth, there was significant decline in shipments abroad of self-adhesive plastic tape in rolls of a width under 20cm, when their volume decreased by -20.7% to X kg. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 623%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 263% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

China (X kg) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Ethiopia, with a 68% share of total exports. Moreover, exports of self-adhesive plastic tape in rolls of a width under 20cm to China exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), eightfold. The third position in this ranking was held by Cote d'Ivoire (X kg), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +47.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.9% per year) and Cote d'Ivoire (+3.6% per year).

In value terms, the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Ethiopia were Kenya ($X), China ($X) and the United Arab Emirates ($X), together accounting for 74% of total exports. Cote d'Ivoire, Turkey, Israel and Guatemala lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Turkey, with a CAGR of +59.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, growing by 4.9% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 128% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to China ($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 (+840.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Ethiopia

Imports of self-adhesive plastic tape in rolls of a width under 20cm into Ethiopia reached X tons in 2022, approximately equating 2021 figures. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 168% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm expanded remarkably to $X in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 95% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Kenya (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of self-adhesive plastic tape in rolls of a width under 20cm to Ethiopia, with a combined 71% share of total imports. Germany, Sri Lanka, Japan, India, the United States, Turkey and Tanzania lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +71.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), China ($X) and Germany ($X) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Ethiopia, with a combined 61% share of total imports. The United States, Sri Lanka, Japan, the United Arab Emirates, Turkey, India and Tanzania lagged somewhat behind, together comprising a further 19%.

Sri Lanka, with a CAGR of +97.6%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, surging by 11% against the previous year. Overall, the import price, however, recorded a slight descent. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Tanzania ($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 (+16.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform