Seals; Mechanical Price in Ethiopia - 2022

Contents:

1. Seals; Mechanical Price in Ethiopia (CIF) - 2022
2. Seals; Mechanical Price in Ethiopia (FOB) - 2022
3. Seals; Mechanical Imports in Ethiopia
4. Seals; Mechanical Exports in Ethiopia

Seals; Mechanical Price in Ethiopia (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $21 per unit, dropping by -54.6% against the previous year. Over the period under review, the import price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 90% against the previous year. As a result, import price attained the peak level of $49 per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($58 per unit), while the price for China ($7.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Ethiopia (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $97 per unit, which is down by -22.2% against the previous year. Over the period under review, the export price showed a slight slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 353%. As a result, the export price attained the peak level of $188 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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 the United States ($272 per unit), while the average price for exports to Kenya amounted to $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+12.4%).

Seals; Mechanical Imports in Ethiopia

In 2022, the amount of seals; mechanicals imported into Ethiopia skyrocketed to 63K units, with an increase of 111% on 2021 figures. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports contracted slightly to $1.3M in 2022. In general, imports, however, showed a noticeable reduction. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked at $1.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Seals; Mechanical to Ethiopia in 2022:

1. China (46.8K units)
2. India (5.2K units)
3. Germany (4.0K units)
4. Taiwan (Chinese) (2.1K units)
5. United States (0.7K units)
6. Italy (0.6K units)
7. Japan (0.2K units)

Seals; Mechanical Exports in Ethiopia

In 2022, shipments abroad of seals; mechanicals decreased by -58.2% to 28 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 158% against the previous year. As a result, the exports reached the peak of 67 units, and then dropped remarkably in the following year.

In value terms, seals; mechanical exports contracted dramatically to $2.7K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 489%. Over the period under review, the exports hit record highs at $8.4K in 2021, and then contracted significantly in the following year.

Top Export Markets for Seals; Mechanical from Ethiopia in 2022:

1. Kenya (18.0 units)
2. United States (10.0 units)

Source: IndexBox Market Intelligence Platform