Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia - 2022
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Ethiopia (CIF) - 2022
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 190 | 10.3 | 14.2 | 423 | 30.6% |
Turkey | 9.2 | 2.0 | 20.1 | 111 | 129.4% |
India | 126 | 404 | 56.8 | 32.1 | -36.6% |
United States | 2.8 | 2.7 | 4.8 | 13.9 | 70.6% |
Germany | 29.3 | 34.2 | 0.3 | 12.9 | -23.9% |
United Kingdom | 5.5 | 2.4 | 0.4 | 4.0 | -10.1% |
Netherlands | N/A | N/A | N/A | 1.3 | 0% |
Italy | 1.5 | 0.3 | 0.3 | 1.0 | -12.6% |
United Arab Emirates | 0.1 | N/A | N/A | 0.1 | 0.0% |
South Korea | N/A | N/A | N/A | N/A | 0% |
Others | N/A | 0.4 | 0.2 | N/A | -50.0% |
Total | 364 | 457 | 97.1 | 600 | 18.1% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Ethiopia in 2022:
- China (23.0 units)
- Turkey (14.0 units)
- United States (1.0 units)
- Netherlands (1.0 units)
- Italy (1.0 units)
- United Arab Emirates (1.0 units)
- India (1.0 units)
- United Kingdom (1.0 units)
- Germany (1.0 units)
- South Korea (1.0 units)
This report provides an in-depth analysis of the market for industrial, laboratory or bakery oven in Ethiopia.
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