AGRICULTURE IN ETHIOPIA MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 

Ethiopian Agriculture Market Analysis:

The Agriculture Market in Ethiopia is projected to attain a value of USD 4.82 billion by 2023, with an anticipated growth to USD 6.30 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 5.50% during the forecast period (2023–2028).

Agriculture is the primary contributor to the Ethiopian economy, accounting for 40% of the Gross Domestic Product (GDP), 80% of exports, and employing approximately 75% of the country’s workforce. The agriculture sector is confronted with challenges such as weak market linkages and limited use of inputs such as improved seeds, fertilizers, pesticides, among others. Nevertheless, the country has significant opportunities in the commercialization of fruit, vegetable, and ornamental plant productions, owing to its proximity to the Middle Eastern nations. The market’s growth is primarily driven by favorable government policies that encourage the private sector and the advantageous agro-climatic conditions.

Smallholder farmers, who possess less than one hectare of land, constitute the major farming section of the country, responsible for over 95% of the agriculture production. The majority of these farmers are engaged in cereal production, which is the primary staple food for the Ethiopian population. Along with cereal production, the livestock feed sector is also on the rise, as the country hosts one of the largest livestock populations in Africa, with 50 million cattle, 50 million goats and sheep, camels, chickens, among others.

The government’s efforts to become a net exporter of agricultural products are among the major factors responsible for the growth of the agriculture sector in the country.

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