Glass Fibre Filament Price in Ethiopia - 2022
Contents:
Glass Fibre Filament Price in Ethiopia (CIF) - 2022
In 2022, the average glass fibre filament import price amounted to $3,276 per ton, increasing by 47% against the previous year. Over the period under review, the import price saw a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 48% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 +9.4% per year.
Glass Fibre Filament Imports in Ethiopia
For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of glass fibre filaments, which increased by 37% to 106 tons in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 115%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, glass fibre filament imports skyrocketed to $347K in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 219%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Glass Fibre Filament in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 96.4 | 161 | 347 | 245.7% |
| United Arab Emirates | 19.4 | N/A | 1.5 | N/A | -72.2% |
| Turkey | 2.7 | 5.0 | 8.5 | N/A | 77.4% |
| Others | 4.0 | 8.2 | N/A | N/A | 105.0% |
| Total | 34.4 | 110 | 171 | 347 | 116.1% |
Top Suppliers of Glass Fibre Filament to Ethiopia in 2022:
- China (105.9 tons)
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