Hardboard Price in Ethiopia - 2021
Contents:
Hardboard Price in Ethiopia (CIF) - 2022
The average hardboard import price stood at $804 per cubic meter in 2022, flattening at the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard import price decreased by -7.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $866 per cubic meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to +32.8% per year.
Hardboard Imports in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas purchases of hardboard, which decreased by -94.8% to 13 cubic meters in 2022. Overall, imports faced a sharp reduction. The smallest decline of -0.4% was in 2021. Imports peaked at 422 cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, hardboard imports shrank rapidly to $10K in 2022. Over the period under review, imports faced a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 3.2% against the previous year. Over the period under review, imports attained the peak figure at $365K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Hardboard in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 86.5 | 78.6 | 86.8 | 10.4 | -50.6% |
| Spain | N/A | 14.0 | 9.0 | N/A | -35.7% |
| China | 17.2 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 36.1 | 3.2 | N/A | N/A | -91.1% |
| Italy | 59.8 | 2.5 | N/A | N/A | -95.8% |
| Turkey | 9.4 | 4.5 | 12.5 | N/A | 15.3% |
| Brazil | 10.0 | N/A | N/A | N/A | 0% |
| Others | 146 | 95.0 | 95.9 | N/A | -19.0% |
| Total | 365 | 198 | 204 | 10.4 | -69.5% |
Top Suppliers of Hardboard to Ethiopia in 2022:
- Germany (13.0 cubic meters)
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