Price for Electrical Push-Button and Rotary Switch in Ethiopia - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Ethiopia (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Ethiopia (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Ethiopia
- Exports of Electrical Push-Button and Rotary Switch in Ethiopia
Price for Electrical Push-Button and Rotary Switch in Ethiopia (CIF) - 2022
In 2022, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $0.3 per unit, falling by -11.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 an increase of 84%. The import price peaked at $0.6 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1.5 per unit), while the price for China ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Push-Button and Rotary Switch in Ethiopia (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $1.8 per unit, picking up by 4.1% against the previous year. Over the period under review, the export price continues to indicate mild growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 75%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.7 per unit), while the average price for exports to Angola ($0.9 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 Switzerland (+578.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Ethiopia
Electrical push-button and rotary switch imports into Ethiopia surged to 24M units in 2022, jumping by 30% against the previous year. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 136%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, electrical push-button and rotary switch imports soared to $7.1M in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Electrical Push-Button and Rotary Switch in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,291 | 1,592 | 1,410 | 3,243 | 35.9% |
| United States | 499 | 342 | 392 | 839 | 18.9% |
| India | 509 | 583 | 561 | 745 | 13.5% |
| United Arab Emirates | 142 | 147 | 2,400 | 679 | 68.5% |
| Turkey | 316 | 101 | 118 | 230 | -10.0% |
| Others | 1,275 | 961 | 1,243 | 1,358 | 2.1% |
| Total | 4,031 | 3,726 | 6,125 | 7,094 | 20.7% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Ethiopia in 2022:
- China (20.3M units)
- United Arab Emirates (1.6M units)
- Turkey (0.7M units)
- United States (0.6M units)
- India (0.5M units)
Exports of Electrical Push-Button and Rotary Switch in Ethiopia
In 2022, shipments abroad of electrical push-button and rotary switches for under 1000 v decreased by -88.9% to 3.1K units, falling for the second year in a row after two years of growth. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 2,116% against the previous year. As a result, the exports reached the peak of 50K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, electrical push-button and rotary switch exports declined sharply to $5.8K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,660% against the previous year. As a result, the exports reached the peak of $78K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Electrical Push-Button and Rotary Switch in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 3.2 | 0% |
| United States | 2.2 | 34.2 | 17.5 | 2.4 | 2.9% |
| Angola | N/A | N/A | N/A | 0.1 | 0% |
| Burkina Faso | N/A | 0.1 | N/A | N/A | 0% |
| Nigeria | 0.1 | 1.6 | N/A | N/A | 1500.0% |
| Congo | N/A | N/A | 0.5 | N/A | 0% |
| France | N/A | 4.8 | 23.4 | N/A | 387.5% |
| Tanzania | N/A | 0.1 | N/A | N/A | 0% |
| Cote d'Ivoire | 0.4 | 14.8 | 7.7 | N/A | 338.7% |
| Others | 0.1 | 22.2 | 0.9 | 0.1 | 0.0% |
| Total | 2.8 | 77.7 | 50.0 | 5.8 | 27.5% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Ethiopia in 2022:
- United Arab Emirates (2135.0 units)
- United States (873.0 units)
- Angola (98.0 units)
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