Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia (CIF) - 2022
In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $10,622 per ton, rising by 7% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines and mechanical appliances; parts, of those having individual functionses decreased by -17.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 75%. As a result, import price attained the peak level of $13,109 per ton. From 2014 to 2022, the average import prices remained at a 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 Singapore ($29,162 per ton), while the price for China ($6,005 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $14,282 per ton in 2022, which is down by -49.5% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 an increase of 321%. As a result, the export price reached the peak level of $124,360 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($73,333 per ton), while the average price for exports to Mozambique ($172 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 Sweden (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia
For the third consecutive year, Ethiopia recorded decline in supplies from abroad of machines and mechanical appliances; parts, of those having individual functionses, which decreased by -21.5% to 189 tons in 2022. In general, imports recorded a precipitous shrinkage. The smallest decline of -11.3% was in 2021.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses dropped notably to $2M in 2022. Over the period under review, imports recorded a dramatic contraction.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,634 | 2,075 | 826 | 630 | -51.8% |
| India | 206 | 340 | 291 | 389 | 23.6% |
| Germany | 761 | 358 | 146 | 210 | -34.9% |
| Italy | 247 | 109 | 166 | 170 | -11.7% |
| Singapore | 172 | 2.6 | 114 | 109 | -14.1% |
| Greece | 6.6 | 20.1 | 35.7 | 50.3 | 96.8% |
| Others | 692 | 587 | 808 | 446 | -13.6% |
| Total | 7,718 | 3,492 | 2,386 | 2,004 | -36.2% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Ethiopia in 2022:
- China (104.9 tons)
- India (42.8 tons)
- Italy (13.5 tons)
- Germany (10.2 tons)
- Greece (4.2 tons)
- Singapore (3.7 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Ethiopia skyrocketed to 1.1 tons, growing by 24% compared with 2021. Over the period under review, exports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 164%. As a result, the exports reached the peak of 12 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses reduced notably to $16K in 2022. In general, exports, however, continue to indicate a dramatic shrinkage.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 24.0 | 16.2 | 5.4 | 4.6 | -42.3% |
| Nigeria | 8.3 | 92.9 | 8.1 | 2.1 | -36.8% |
| Zambia | 16.0 | 8.3 | 1.8 | 2.0 | -50.0% |
| Mozambique | 465 | N/A | N/A | 0.1 | -94.0% |
| Burkina Faso | 0.5 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 136 | N/A | N/A | 0% |
| Ghana | 15.8 | N/A | N/A | N/A | 0% |
| Others | 50.1 | 49.2 | 10.5 | 7.3 | -47.4% |
| Total | 579 | 303 | 25.7 | 16.1 | -69.7% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Ethiopia in 2022:
- Mozambique (733.0 kg)
- Nigeria (259.0 kg)
- Sweden (63.0 kg)
- Zambia (31.0 kg)
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