Ethiopia: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Ethiopia

The Ethiopian sugary soft drink market stood at $X in 2022, surging by 4% against the previous year. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Ethiopia

In value terms, sugary soft drink production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sugary Soft Drink Exports

Exports from Ethiopia

In 2022, after three years of decline, there was significant growth in overseas shipments of sugary soft drinks, when their volume increased by 303% to X litres. In general, exports, however, showed a precipitous shrinkage. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugary soft drink exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X litres) was the main destination for sugary soft drink exports from Ethiopia, accounting for a 62% share of total exports. Moreover, sugary soft drink exports to Canada exceeded the volume sent to the second major destination, Ireland (X litres), fourfold. The third position in this ranking was taken by the Netherlands (X litres), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+16.2% per year) and the Netherlands (+1,607.7% per year).

In value terms, Ireland ($X), Canada ($X) and the Netherlands ($X) were the largest markets for sugary soft drink exported from Ethiopia worldwide, with a combined 96% share of total exports.

The Netherlands, with a CAGR of +910.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, waning by -21.6% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 74%. The export price peaked at $X per litre in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per litre), while the average price for exports to South Africa ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Ethiopia

In 2022, sugary soft drink imports into Ethiopia soared to X litres, increasing by 36% on the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 173%. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, sugary soft drink imports surged to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 336%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sudan (X litres) constituted the largest supplier of sugary soft drink to Ethiopia, with a 77% share of total imports. Moreover, sugary soft drink imports from Sudan exceeded the figures recorded by the second-largest supplier, Uganda (X litres), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X litres), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sudan totaled +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (+72.7% per year) and the United Arab Emirates (+34.9% per year).

In value terms, Sudan ($X) constituted the largest supplier of sugary soft drinks to Ethiopia, comprising 44% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sudan amounted to +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+3.8% per year) and the United Arab Emirates (+29.4% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, approximately equating the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 131%. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per litre), while the price for Sudan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform