Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia - 2022

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $7,521 per ton, which is down by -8.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 179% against the previous year. Over the period under review, average import prices reached the peak figure at $11,657 per ton in 2014; however, from 2015 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 the United Arab Emirates ($31,462 per ton), while the price for China ($1,921 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia (FOB) - 2022

In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $8,501 per ton, dropping by -46.4% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 121% against the previous year. Over the period under review, the average export prices hit record highs at $19,327 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($11,945 per ton), while the average price for exports to the UK ($2,020 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+28.6%).

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia

In 2022, approx. 102 tons of machinery; parts of the machinery of heading no. 8425 were imported into Ethiopia; picking up by 380% against the previous year's figure. Overall, imports continue to indicate a significant increase.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 skyrocketed to $766K in 2022. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Ethiopia in 2022:

1. China (65.4 tons)
2. India (9.5 tons)
3. United Arab Emirates (7.7 tons)
4. Iran (3.9 tons)
5. Denmark (3.9 tons)
6. United Kingdom (1.9 tons)
7. Canada (1.7 tons)
8. South Africa (1.3 tons)
9. Turkey (1.2 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Ethiopia

In 2022, shipments abroad of machinery; parts of the machinery of heading no. 8425 decreased by -38.5% to 499 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, the exports reached the peak of 1.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 shrank markedly to $4.2K in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 163% against the previous year. As a result, the exports attained the peak of $21K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Ethiopia in 2022:

1. Germany (309.0 kg)
2. United Kingdom (148.0 kg)
3. Luxembourg (34.0 kg)
4. Canada (8.0 kg)

Source: IndexBox Market Intelligence Platform