Key Market Indicators
Ethiopia's plastic imports are predicted to hit $1.26 billion by 2026, up from $1.05 billion in 2021. That equates to an average annual growth rate of 2.8%. Since 2000, demand for plastics in Ethiopia has increased by an average of 9.4% each year. In 2021, Ethiopia was placed 67th in this ranking, with Guatemala ahead at $1.05 billion. The US, Germany and France came in at 2nd, 3rd and 4th respectively. Meanwhile, Ethiopia's plastic exports are set to reach $3.9 billion by 2026, up from $3.18 billion in 2021. This equates to an average annual growth rate of 3.2%. Since 2002, supply of plastics in Ethiopia has grown by an average of 3.5% each year. In 2021, Ethiopia was placed 113th in this ranking, with Nepal ahead at $3.18 billion. The US, Germany and South Korea followed at 2nd, 3rd and 4th respectively.
Ethiopia Plastic Market Data and Forecasts
How much will Ethiopia Plastic Market grow to 2026?
More in Plastic Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Plastic Processing and Manufacturing: Innovations and Trends Defining the Global Industry
The plastic processing and manufacturing field is experiencing rapid growth and diversification. New technologies such as 3D printing are revolutionising the industry by allowing the production of complex, customised parts with reduced waste. Furthermore, innovations in bio-based and biodegradable plastics are impacting the sector, providing environmentally friendly alternatives to traditional...
Discover more insights -
Plastics and Synthetic Resin Manufacturing: Navigating Trends and Opportunities in Complex Markets
The synthetic resins and plastics industry is confronting a medley of market factors. These include rising raw material costs, shifting consumer preferences towards bio-based products, and volatile economic landscapes, particularly in emerging markets. These challenges have compelled companies in this sector to reassess their strategies, focusing on innovation, cost efficiency,...
Discover more insights -
Exploring Versatility: Polyurethane Chemicals, Persistent Innovations in Rigid & Flexible Foams, Elastomers
The chemical sector has recognized Polyurethane as an integral component, with the ability to yield a wide range of products spanning from rigid and flexible foams to elastomers. Remarkably versatile, it can be fine-tuned to showcase a spectrum of properties, like high rigidity or immense elasticity, depending on the needs...
Discover more insights -
Plastics Industry: Captivating Trends in Construction, Engineering, and Compounding Sectors
The plastics industry continues to drive innovation in the construction sector, leveraging the material's characteristics to boost building efficiency and sustainability. Emerging trends such as the increased use of plastic composites in structural components and polyvinyl chloride (PVC) in piping systems reflect plastics growing indispensability. Furthermore, advances in plastic insulation...
Discover more insights -
Reinforced Plastics: Navigating the Dynamics of a Rapidly Evolving Sector
The reinforced plastics market is undergoing significant transformation, largely driven by advancements in technology and raw material refinement techniques. The ability to produce robust, yet flexible materials, has made reinforced plastics an increasingly crucial entity in various industries such as automotive, aerospace, and construction. The push for greater sustainability has...
Discover more insights