Ethiopia: Patent Leather Market 2024

Patent Leather Market Size in Ethiopia

The Ethiopian patent leather market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Patent Leather Production in Ethiopia

In value terms, patent leather production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Patent Leather Exports

Exports from Ethiopia

Patent leather exports from Ethiopia skyrocketed to X square meters in 2022, with an increase of X% against the previous year. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, patent leather exports soared to $X in 2022. Overall, exports recorded mild growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for patent leather exports from Ethiopia, with a X% share of total exports. Moreover, patent leather exports to Vietnam exceeded the volume sent to the second major destination, China (X square meters), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ukraine (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for patent leather, patent laminated leather and metallised leather exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2022, the average patent leather export price amounted to $X per square meter, therefore, remained relatively stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Ukraine ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Patent Leather Imports

Imports into Ethiopia

Patent leather imports into Ethiopia contracted sharply to X square meters in 2018, declining by X% on 2017 figures. Over the period under review, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2014 to 2018, the growth of imports failed to regain momentum.

In value terms, patent leather imports shrank dramatically to $X in 2018. Overall, imports showed a sharp descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2018, the growth of imports remained at a lower figure.

Imports by Country

Germany (X square meters) and China (X square meters) were the main suppliers of patent leather imports to Ethiopia. Moreover, patent leather imports in Germany exceeded the figures recorded by the second-largest supplier, China, more than tenfold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%).

In value terms, the largest patent leather suppliers to Ethiopia were Germany ($X) and China ($X).

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average patent leather import price stood at less than $X per square meter in 2022, therefore, remained relatively stable against the previous year. Overall, the import price recorded strong growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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