Wine Lees; Argol Price in Ethiopia - 2021

Wine Lees; Argol Price in Ethiopia (CIF) - 2022

In 2022, the average wine lees; argol import price amounted to $2,629 per ton, which is down by -62.5% against the previous year. In general, the import price, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 67%. As a result, import price attained the peak level of $12,396 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.2% per year.

Wine Lees; Argol Imports in Ethiopia

Wine lees; argol imports into Ethiopia skyrocketed to 3.3 tons in 2022, jumping by 168% against the year before. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 534% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, wine lees; argol imports totaled $8.6K in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 492%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.