Sulphates; of Aluminium Price in Ethiopia - 2022
Contents:
Sulphates; of Aluminium Price in Ethiopia (CIF) - 2022
The average sulphates; of aluminium import price stood at $490 per ton in 2022, increasing by 1.5% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 14% against the previous year. The import price peaked at $621 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($795 per ton), while the price for China ($333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Aluminium Imports in Ethiopia
In 2022, purchases abroad of sulphates; of aluminia increased by 310% to 2.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of aluminium imports soared to $1.1M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Aluminium in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 76.7 | 75.7 | 34.0 | 498 | 86.6% |
| India | 3.1 | 3.0 | 3.3 | 243 | 328.0% |
| China | 57.1 | 9.6 | 32.1 | 216 | 55.8% |
| Turkey | 4.6 | 45.4 | 26.3 | 100 | 179.1% |
| Serbia | 56.0 | 60.0 | 90.9 | 79.9 | 12.6% |
| Italy | 67.7 | 48.7 | 70.1 | N/A | 1.8% |
| Others | 34.3 | 22.3 | 17.9 | 6.7 | -42.0% |
| Total | 299 | 265 | 275 | 1,144 | 56.4% |
Top Suppliers of Sulphates; of Aluminium to Ethiopia in 2022:
- Kenya (965.3 tons)
- China (648.8 tons)
- India (408.2 tons)
- Turkey (197.0 tons)
- Serbia (100.5 tons)
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