Price for Cereals; Oats, Other than Seed in Ethiopia - 2022
Contents:
- Price for Cereals; Oats, Other than Seed in Ethiopia (CIF) - 2022
- Price for Cereals; Oats, Other than Seed in Ethiopia (FOB) - 2022
- Imports of Cereals; Oats, Other than Seed in Ethiopia
- Exports of Cereals; Oats, Other than Seed in Ethiopia
Price for Cereals; Oats, Other than Seed in Ethiopia (CIF) - 2022
The average import price for cereals; oats, other than seeds stood at $1,929 per ton in 2022, declining by -14.5% against the previous year. Overall, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 246%. As a result, import price reached the peak level of $3,121 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +15.0% per year.
Price for Cereals; Oats, Other than Seed in Ethiopia (FOB) - 2022
The average export price for cereals; oats, other than seeds stood at $970 per ton in 2022, reducing by -41.8% against the previous year. In general, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs at $1,841 per ton in 2017; however, from 2018 to 2022, the 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 the United States ($1,945 per ton), while the average price for exports to Canada ($327 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 Israel (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Oats, Other than Seed in Ethiopia
In 2022, imports of cereals; oats, other than seeds into Ethiopia skyrocketed to 36 tons, with an increase of 2,792% on 2021 figures. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; oats, other than seed imports surged to $70K in 2022. In general, imports showed significant growth.
| Import of Cereals; Oats, Other than Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.7 | 94.6 | 2.8 | 69.8 | 76.5% |
| United Kingdom | N/A | 3.2 | N/A | N/A | 0% |
| Others | N/A | 0.5 | N/A | N/A | 0% |
| Total | 12.7 | 98.4 | 2.8 | 69.8 | 76.5% |
Top Suppliers of Cereals; Oats, Other than Seed to Ethiopia in 2022:
- United Arab Emirates (36.2 tons)
Exports of Cereals; Oats, Other than Seed in Ethiopia
In 2022, the amount of cereals; oats, other than seeds exported from Ethiopia soared to 19 tons, growing by 51% compared with 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 88%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, cereals; oats, other than seed exports contracted to $18K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, the exports attained the peak of $20K, and then fell in the following year.
| Export of Cereals; Oats, Other than Seed in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 3.0 | 8.7 | 13.3 | 17.2 | 79.0% |
| United States | 4.8 | 3.8 | 2.1 | 0.6 | -50.0% |
| Canada | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
| United Kingdom | N/A | N/A | 4.7 | N/A | 0% |
| Others | 0.9 | 0.1 | 0.1 | 0.2 | -39.4% |
| Total | 9.0 | 13.1 | 20.4 | 18.0 | 26.0% |
Top Export Markets for Cereals; Oats, Other than Seed from Ethiopia in 2022:
- Israel (17.7 tons)
- United States (0.3 tons)
- Canada (0.3 tons)
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