Salts; Molybdates Price in Ethiopia - 2022
Contents:
Salts; Molybdates Price in Ethiopia (CIF) - 2022
The average salts; molybdates import price stood at $24,061 per ton in 2022, increasing by 12% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 92% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($27,868 per ton), while the price for India ($23,597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+619.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Molybdates Imports in Ethiopia
In 2022, salts; molybdates imports into Ethiopia soared to 2.6 tons, jumping by 237% compared with 2021 figures. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, salts; molybdates imports surged to $62K in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 287%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Salts; Molybdates in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.3 | 4.3 | 0.2 | 50.5 | 127.3% |
| United States | 5.8 | N/A | 7.4 | 7.6 | 9.4% |
| China | 0.2 | N/A | 4.0 | 4.2 | 175.9% |
| Indonesia | N/A | N/A | 4.9 | N/A | 0% |
| Others | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Total | 10.3 | 4.3 | 16.6 | 62.4 | 82.3% |
Top Suppliers of Salts; Molybdates to Ethiopia in 2022:
- India (2142.0 kg)
- United States (300.0 kg)
- China (152.0 kg)
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