Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,994 per ton, picking up by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,938 per ton), while the price for China ($2,488 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $2,520 per ton, with an increase of 50% against the previous year. Overall, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 105% against the previous year. As a result, the export price reached the peak level of $3,664 per ton. From 2019 to 2022, the average export prices remained at a 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 Canada ($9,084 per ton), while the average price for exports to Rwanda ($409 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 Canada (+248.0%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia
In 2022, overseas purchases of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -13.6% to 1.3K tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of 2.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) dropped to $4M in 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, imports reached the peak of $6.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 5.9 | 3.9 | 3.0 | -12.6% |
| United Arab Emirates | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Italy | N/A | 0.4 | N/A | 0.1 | -50.0% |
| Others | 0.4 | 0.2 | 0.3 | 0.7 | 20.5% |
| Total | 5.0 | 6.6 | 4.3 | 4.0 | -7.2% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Ethiopia in 2022:
- China (1225.0 tons)
- United Arab Emirates (38.4 tons)
- Italy (34.8 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia
Exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Ethiopia skyrocketed to 18 tons in 2022, with an increase of 2,808% against 2021. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $45K in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 28.2 | 0% |
| Oman | 0.1 | 0.1 | 0.5 | 15.4 | 436.0% |
| Ghana | N/A | N/A | N/A | 0.5 | 0% |
| Rwanda | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | N/A | 0.5 | 0.2 | -60.0% |
| Total | 0.1 | 0.1 | 1.0 | 44.6 | 664.0% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Ethiopia in 2022:
- Oman (13.1 tons)
- Canada (3.1 tons)
- Rwanda (0.9 tons)
- Ghana (0.4 tons)
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