Pumps; Parts Thereof Price in Ethiopia - 2022
Contents:
- Pumps; Parts Thereof Price in Ethiopia (CIF) - 2022
- Pumps; Parts Thereof Price in Ethiopia (FOB) - 2022
- Pumps; Parts Thereof Imports in Ethiopia
- Pumps; Parts Thereof Exports in Ethiopia
Pumps; Parts Thereof Price in Ethiopia (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $12,072 per ton, declining by -33.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $18,269 per ton in 2021, and then fell rapidly in the following year.
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 Denmark ($38,629 per ton), while the price for India ($5,857 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Ethiopia (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $3,720 per ton, shrinking by -77% against the previous year. Over the period under review, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $18,600 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($7,957 per ton), while the average price for exports to Kenya totaled $2,068 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Pumps; Parts Thereof Imports in Ethiopia
After two years of decline, overseas purchases of pumps; parts thereoves increased by 42% to 195 tons in 2022. Overall, imports, however, showed a abrupt shrinkage.
In value terms, pumps; parts thereof imports reduced to $2.4M in 2022. In general, imports, however, faced a abrupt contraction.
| Import of Pumps; Parts Thereof in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,749 | 1,284 | 883 | 730 | -25.3% |
| Italy | 393 | 497 | 380 | 536 | 10.9% |
| Denmark | 80.6 | 47.1 | 3.6 | 174 | 29.2% |
| India | 284 | 479 | 104 | 161 | -17.2% |
| Germany | 258 | 139 | 116 | 110 | -24.7% |
| United States | 424 | 58.7 | 90.7 | 90.4 | -40.3% |
| Poland | 2.0 | 18.0 | 6.6 | 55.9 | 203.5% |
| Spain | 2.2 | 2.4 | 1.4 | 52.6 | 188.1% |
| United Kingdom | 361 | 7.3 | 21.9 | 44.7 | -50.2% |
| Turkey | 71.8 | 23.4 | 37.2 | 32.0 | -23.6% |
| Others | 663 | 907 | 877 | 372 | -17.5% |
| Total | 4,289 | 3,462 | 2,521 | 2,359 | -18.1% |
Top Suppliers of Pumps; Parts Thereof to Ethiopia in 2022:
- China (86.0 tons)
- Italy (51.8 tons)
- India (27.5 tons)
- Spain (5.3 tons)
- Germany (4.7 tons)
- Denmark (4.5 tons)
- Poland (3.5 tons)
- Turkey (2.3 tons)
- United States (1.2 tons)
- United Kingdom (0.5 tons)
Pumps; Parts Thereof Exports in Ethiopia
In 2022, shipments abroad of pumps; parts thereoves decreased by -96.8% to 82 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 612% against the previous year.
In value terms, pumps; parts thereof exports plummeted to $305 in 2022. In general, exports faced a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 994%.
| Export of Pumps; Parts Thereof in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 0.2 | 0% |
| Kenya | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | 1.7 | 16.3 | 39.6 | N/A | 382.6% |
| Others | N/A | 2.4 | 1.3 | N/A | -45.8% |
| Total | 1.7 | 18.7 | 40.9 | 0.3 | -43.9% |
Top Export Markets for Pumps; Parts Thereof from Ethiopia in 2022:
- Kenya (59.0 kg)
- Italy (23.0 kg)
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