Price for Textiles; Worn Clothing and Other Worn Articles in Ethiopia - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Ethiopia (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Ethiopia (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Ethiopia
- Exports of Textiles; Worn Clothing and Other Worn Articles in Ethiopia
Price for Textiles; Worn Clothing and Other Worn Articles in Ethiopia (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $1,228 per ton in 2022, falling by -24.6% against the previous year. Overall, the import price saw a noticeable slump. The growth pace was the most rapid in 2015 when the average import price increased by 85%. As a result, import price reached the peak level of $2,865 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($1,267 per ton), while the price for the United Arab Emirates ($909 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.6%), while the prices for the other major suppliers experienced a decline.
Price for Textiles; Worn Clothing and Other Worn Articles in Ethiopia (FOB) - 2022
In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $2,703 per ton, with a decrease of -30.5% against the previous year. Overall, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 109%. As a result, the export price attained the peak level of $6,235 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($5,110 per ton), while the average price for exports to Sweden ($1,165 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 (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textiles; Worn Clothing and Other Worn Articles in Ethiopia
Imports of textiles; worn clothing and other worn articleses into Ethiopia soared to 1.3K tons in 2022, increasing by 30% on 2021. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of textiles; worn clothing and other worn articleses shrank modestly to $1.6M in 2022. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year.
| Import of Textiles; Worn Clothing and Other Worn Articles in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 1,973 | 909 | 1,354 | 1,453 | -9.7% |
| Sweden | 22.6 | 12.9 | 36.7 | 28.5 | 8.0% |
| Egypt | N/A | 13.7 | 67.5 | 12.4 | -4.9% |
| Spain | 28.0 | N/A | 66.7 | N/A | 54.3% |
| United States | N/A | 231 | 9.5 | N/A | -95.9% |
| Others | 159 | 65.3 | 78.5 | 87.5 | -18.1% |
| Total | 2,183 | 1,232 | 1,612 | 1,582 | -10.2% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Ethiopia in 2022:
- Kuwait (1214.8 tons)
- Sweden (22.5 tons)
- Egypt (11.2 tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Ethiopia
In 2022, overseas shipments of textiles; worn clothing and other worn articleses decreased by -36.1% to 57 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 101% against the previous year. As a result, the exports attained the peak of 114 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of textiles; worn clothing and other worn articleses fell markedly to $154K in 2022. Over the period under review, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2020 when exports increased by 89% against the previous year.
| Export of Textiles; Worn Clothing and Other Worn Articles in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 39.6 | 131 | 44.0 | 98.6 | 35.5% |
| Nigeria | 73.8 | 78.0 | 14.4 | 18.5 | -36.9% |
| South Korea | 2.4 | 5.7 | 39.9 | 10.4 | 63.0% |
| Tanzania | 4.3 | 1.2 | 3.0 | 4.5 | 1.5% |
| Israel | N/A | N/A | N/A | 4.0 | 0% |
| Angola | N/A | 19.5 | 7.5 | 2.2 | -66.4% |
| Egypt | 11.4 | 0.3 | 2.8 | 1.2 | -52.8% |
| Democratic Republic of the Congo | 2.9 | 11.2 | 65.9 | 0.2 | -59.0% |
| Benin | N/A | N/A | 83.7 | N/A | 0% |
| Cameroon | 0.9 | N/A | 26.9 | N/A | 446.7% |
| Thailand | 4.8 | 60.1 | 15.4 | N/A | 79.1% |
| Jordan | N/A | N/A | 9.8 | N/A | 0% |
| Burkina Faso | 9.2 | 5.6 | 4.1 | N/A | -33.2% |
| Others | 24.4 | 15.2 | 29.6 | 14.5 | -15.9% |
| Total | 174 | 328 | 347 | 154 | -4.0% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Ethiopia in 2022:
- Kenya (35.8 tons)
- Nigeria (13.2 tons)
- Tanzania (2.0 tons)
- South Korea (2.0 tons)
- Israel (1.1 tons)
- Egypt (0.9 tons)
- Angola (0.7 tons)
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