Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia - 2022

Contents:

1. Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia (CIF) - 2022
2. Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia (FOB) - 2022
3. Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia
4. Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia

Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia (CIF) - 2022

In 2022, the average import price for turbo-jets, turbo-propellers and other gas turbineses amounted to $1.9 million per unit, picking up by 5.5% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 turbo-jets, turbo-propellers and other gas turbineses decreased by -16.1% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 69% against the previous year. Over the period under review, average import prices reached the maximum at $2.5 million per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Canada ($7.3 million per unit), while the price for Denmark ($2.8 thousand per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1,247.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia (FOB) - 2022

The average export price for turbo-jets, turbo-propellers and other gas turbineses stood at $2.4 million per unit in 2022, picking up by 212% against the previous year. In general, the export price enjoyed a modest expansion. The export price peaked at $3.4 million per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($3.9 million per unit), while the average price for exports to Burkina Faso ($477 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+219.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia

In 2022, overseas purchases of turbo-jets, turbo-propellers and other gas turbineses decreased by -19.4% to 50 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 7.2%. As a result, imports attained the peak of 89 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses shrank to $97M in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of $207M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Ethiopia in 2022:

1. United States (27.0 units)
2. France (2.0 units)
3. Canada (1.0 units)
4. Israel (1.0 units)
5. Italy (1.0 units)
6. Denmark (1.0 units)
7. Cayman Islands (1.0 units)
8. India (1.0 units)
9. Austria (1.0 units)
10. China (1.0 units)
11. Belgium (1.0 units)
12. Germany (1.0 units)
13. Hong Kong SAR (1.0 units)

Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Ethiopia

In 2022, overseas shipments of turbo-jets, turbo-propellers and other gas turbineses increased by 76% to 37 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt downturn. Over the period under review, the exports of reached the peak figure at 48 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses soared to $88M in 2022. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports of reached the peak figure at $103M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Ethiopia in 2022:

1. Hong Kong SAR (22.0 units)
2. France (7.0 units)
3. United States (1.0 units)
4. Netherlands (1.0 units)
5. Italy (1.0 units)
6. Singapore (1.0 units)
7. United Kingdom (1.0 units)
8. Germany (1.0 units)
9. Nigeria (1.0 units)
10. Burkina Faso (1.0 units)

Source: IndexBox Market Intelligence Platform