Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia - 2022

Contents:

  1. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia (CIF) - 2022
  2. Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia (CIF) - 2022

The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $14,991 per unit in 2022, growing by 8.1% against the previous year. Overall, the import price continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 83%. The import price peaked at $18,268 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($32,111 per unit), while the price for South Korea ($45 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia

In 2022, after two years of decline, there was significant growth in supplies from abroad of furnaces and ovens; industrial or laboratory induction or dielectrics, when their volume increased by 275% to 45 units. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $600K in 2022. Overall, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China19010.314.242330.6%
Turkey9.22.020.1111129.4%
India12640456.832.1-36.6%
United States2.82.74.813.970.6%
Germany29.334.20.312.9-23.9%
United Kingdom5.52.40.44.0-10.1%
NetherlandsN/AN/AN/A1.30%
Italy1.50.30.31.0-12.6%
United Arab Emirates0.1N/AN/A0.10.0%
South KoreaN/AN/AN/AN/A0%
OthersN/A0.40.2N/A-50.0%
Total36445797.160018.1%

Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Ethiopia in 2022:

  1. China (23.0 units)
  2. Turkey (14.0 units)
  3. United States (1.0 units)
  4. Netherlands (1.0 units)
  5. Italy (1.0 units)
  6. United Arab Emirates (1.0 units)
  7. India (1.0 units)
  8. United Kingdom (1.0 units)
  9. Germany (1.0 units)
  10. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform

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