Plugs and Socket Price in Ethiopia - 2022
Contents:
- Plugs and Socket Price in Ethiopia (CIF) - 2022
- Plugs and Socket Price in Ethiopia (FOB) - 2022
- Plugs and Socket Imports in Ethiopia
- Plugs and Socket Exports in Ethiopia
Plugs and Socket Price in Ethiopia (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $0.1 per unit, increasing by 15% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the peak figure at $0.1 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($0.3 per unit), while the price for the United Arab Emirates (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.6%), while the prices for the other major suppliers experienced a decline.
Plugs and Socket Price in Ethiopia (FOB) - 2022
In 2022, the average plugs and socket export price amounted to $0.6 per unit, growing by 97% against the previous year. Overall, the export price continues to indicate a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($2 per unit), while the average price for exports to Greece (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Ethiopia
In 2022, imports of electrical plugs and sockets for under 1000 v into Ethiopia surged to 163M units, picking up by 51% against the year before. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.9% against 2020 indices. Over the period under review, imports hit record highs at 189M units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, plugs and socket imports soared to $8.9M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 5.2 | 4.0 | 6.4 | 20.0% |
| United States | 1.2 | 0.4 | 0.4 | 1.5 | 7.7% |
| United Arab Emirates | 0.2 | 0.2 | 0.1 | 0.5 | 35.7% |
| Turkey | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Others | 0.5 | 0.5 | 0.4 | 0.4 | -7.2% |
| Total | 5.9 | 6.5 | 5.1 | 8.9 | 14.7% |
Top Suppliers of Plugs and Socket to Ethiopia in 2022:
- China (143.1M units)
- United Arab Emirates (11.4M units)
- United States (4.3M units)
- Turkey (2.6M units)
Plugs and Socket Exports in Ethiopia
In 2022, approx. 58K units of electrical plugs and sockets for under 1000 v were exported from Ethiopia; picking up by 1,219% against 2021. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket exports surged to $36K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plugs and Socket in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 28.3 | 0% |
| Israel | N/A | N/A | N/A | 5.3 | 0% |
| United States | 1.0 | N/A | N/A | 0.7 | -11.2% |
| Morocco | N/A | N/A | N/A | 0.6 | 0% |
| Tanzania | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Mali | N/A | N/A | N/A | 0.1 | 0% |
| Kenya | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Hungary | N/A | N/A | N/A | N/A | 0% |
| Ireland | 0.3 | N/A | N/A | N/A | 0% |
| Tunisia | 0.1 | N/A | N/A | N/A | 0% |
| Greece | N/A | N/A | N/A | N/A | 0% |
| Others | 2.1 | 0.8 | 1.0 | 0.2 | -54.3% |
| Total | 3.7 | 0.9 | 1.4 | 35.6 | 112.7% |
Top Export Markets for Plugs and Socket from Ethiopia in 2022:
- Germany (22.5K units)
- Morocco (19.7K units)
- Greece (6.5K units)
- Mali (4.5K units)
- Israel (2.7K units)
- Tanzania (0.8K units)
- United States (0.6K units)
- Kenya (0.4K units)
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