Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia
- Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia (CIF) - 2022
The average import price for electric motors and generators stood at $22 per unit in 2022, falling by -32.5% against the previous year. Over the period under review, the import price faced a dramatic slump. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The import price peaked at $388 per unit in 2012; however, from 2013 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 ($198 per unit), while the price for China ($17 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 (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia (FOB) - 2022
The average export price for electric motors and generators stood at $434 per unit in 2022, declining by -34.6% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 171% against the previous year. The export price peaked at $903 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($716 per unit), while the average price for exports to Mozambique ($7.3 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 Turkey (+93.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia
In 2022, supplies from abroad of electric motors and generators increased by 37% to 61K units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern 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.
In value terms, imports of electric motors and generators reduced to $1.4M in 2022. Over the period under review, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 5.8% against the previous year. Imports peaked at $2.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 835 | 509 | 576 | 968 | 5.1% |
| Germany | 98.5 | 23.3 | 18.2 | 65.0 | -12.9% |
| United States | 455 | 53.7 | 447 | 52.0 | -51.5% |
| Italy | 155 | 225 | 3.8 | 41.1 | -35.8% |
| Netherlands | 217 | 96.1 | 2.0 | 6.4 | -69.1% |
| Others | 634 | 474 | 414 | 223 | -29.4% |
| Total | 2,394 | 1,381 | 1,461 | 1,355 | -17.3% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Ethiopia in 2022:
- China (56.2K units)
- Germany (1.1K units)
- Italy (0.8K units)
- United States (0.3K units)
- Netherlands (0.1K units)
Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia
In 2022, the amount of electric motors and generators exported from Ethiopia contracted sharply to 44 units, falling by -65.9% compared with 2021 figures. Overall, exports showed a significant decline. The smallest decline of -35.8% was in 2021. The exports peaked at 508 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators reduced remarkably to $19K in 2022. In general, exports showed a dramatic decrease. The smallest decline of -52.8% was in 2020. The exports peaked at $384K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 164 | 171 | 60.5 | 13.6 | -56.4% |
| United States | 51.6 | 0.2 | 22.6 | 4.3 | -56.3% |
| France | N/A | N/A | N/A | 0.8 | 0% |
| Germany | 7.5 | 5.8 | 1.5 | 0.3 | -65.8% |
| Ghana | 3.1 | 2.8 | 0.8 | 0.2 | -59.9% |
| Malawi | 0.6 | 0.3 | 0.1 | N/A | -59.2% |
| Mozambique | N/A | N/A | N/A | N/A | 0% |
| Tanzania | 155 | N/A | N/A | N/A | 0% |
| Kenya | 0.8 | 0.6 | 0.1 | N/A | -64.6% |
| Others | 1.2 | 0.8 | 0.1 | N/A | -71.1% |
| Total | 384 | 181 | 85.7 | 19.1 | -63.2% |
Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Ethiopia in 2022:
- Turkey (19.0 units)
- United States (14.0 units)
- France (3.0 units)
- Mozambique (3.0 units)
- Ghana (1.0 units)
- Kenya (1.0 units)
- Germany (1.0 units)
- Malawi (1.0 units)
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