Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ethiopia - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ethiopia
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $1,286 per ton, picking up by 17% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The export price peaked at $1,929 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,660 per ton), while the average price for exports to Belgium ($961 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 the UK (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ethiopia
In 2022, after three years of growth, there was significant decline in overseas shipments of oil seeds; cotton seeds, other than seed, whether or not broken, when their volume decreased by -81.6% to 1.9K tons. In general, exports showed a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken contracted rapidly to $2.5M in 2022. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 34%.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 1,231 | 1,482 | 1,190 | 514 | -25.3% |
| Vietnam | 458 | 442 | 784 | 423 | -2.6% |
| United States | 1,726 | 5,041 | 6,134 | 355 | -41.0% |
| United Arab Emirates | 186 | 264 | 365 | 274 | 13.8% |
| Singapore | 317 | 627 | 1,699 | 207 | -13.2% |
| United Kingdom | 126 | 88.4 | 201 | 166 | 9.6% |
| Turkey | 91.5 | 135 | 162 | 136 | 14.1% |
| China | 911 | 271 | 257 | 136 | -47.0% |
| Belgium | 32.6 | 29.0 | 162 | 79.9 | 34.8% |
| Netherlands | 67.3 | 85.6 | 88.7 | 55.5 | -6.2% |
| Others | 1,479 | 405 | 412 | 125 | -56.1% |
| Total | 6,626 | 8,871 | 11,455 | 2,470 | -28.0% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Ethiopia in 2022:
- Vietnam (389.3 tons)
- Yemen (349.8 tons)
- United States (256.3 tons)
- United Arab Emirates (207.9 tons)
- United Kingdom (145.5 tons)
- Turkey (127.5 tons)
- Singapore (124.7 tons)
- China (99.1 tons)
- Belgium (83.2 tons)
- Netherlands (42.7 tons)
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