Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ethiopia - 2022

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ethiopia (CIF) - 2022
2. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Ethiopia

Price for Machinery; Parts of the Machinery of Heading No. 8427 in Ethiopia (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $4,832 per ton, surging by 69% against the previous year. In general, the import price, however, recorded a abrupt slump. The import price peaked at $15,232 per ton in 2015; however, from 2016 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 ($8,910 per ton), while the price for China ($2,439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-6.1%), while the prices for the other major suppliers experienced a decline.

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Ethiopia

In 2022, after three years of growth, there was significant decline in overseas purchases of machinery; parts of the machinery of heading no. 8427, when their volume decreased by -52.5% to 278 tons. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 214% against the previous year. As a result, imports attained the peak of 586 tons, and then reduced sharply in the following year.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 contracted dramatically to $1.3M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports reached the peak of $1.7M, and then reduced remarkably in the following year.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Ethiopia in 2022:

1. China (198.0 tons)
2. United Arab Emirates (68.4 tons)
3. Italy (2.1 tons)

Source: IndexBox Market Intelligence Platform