Key Market Indicators
Ethiopian Metal Products Export is projected to decline to approximately $487,000 by 2028, a significant drop from around $597,000 in 2023. This represents an average annual decrease of 3.2%. The trend is not new for the East African nation. Since 2002, Ethiopia's metal products supply has been dwindling at an average rate of 3.3% per year. In contrast, Ethiopia's import of metal products tells a different story. By 2028, imports are expected to surge to nearly $110 million, up from roughly $95 million in 2023. This marks an average annual growth rate of 2.4%. The long-term trend underscores a rising demand for metal products in Ethiopia, which has been increasing at an average rate of 3.6% per year since 2000.
