Single Loudspeaker Price in Ethiopia - 2022
Contents:
- Single Loudspeaker Price in Ethiopia (CIF) - 2022
- Single Loudspeaker Price in Ethiopia (FOB) - 2022
- Single Loudspeaker Imports in Ethiopia
- Single Loudspeaker Exports in Ethiopia
Single Loudspeaker Price in Ethiopia (CIF) - 2022
The average single loudspeaker import price stood at $45 per unit in 2022, increasing by 26% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 71%. As a result, import price reached the peak level of $123 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($67 per unit), while the price for China ($42 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Single Loudspeaker Price in Ethiopia (FOB) - 2022
In 2022, the average single loudspeaker export price amounted to $99 per unit, growing by 113% against the previous year. Over the period under review, the export price enjoyed a notable increase. The growth pace was the most rapid in 2016 an increase of 170%. As a result, the export price attained the peak level of $107 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($6.8 per unit), while the average price for exports to Mozambique ($3.2 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 Mozambique (+60.6%), while the prices for the other major destinations experienced more modest paces of growth.
Single Loudspeaker Imports in Ethiopia
In 2022, purchases abroad of single loudspeakers (in enclosure) was finally on the rise to reach 118K units after two years of decline. In general, imports, however, continue to indicate a slight downturn. Imports peaked at 123K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, single loudspeaker imports surged to $5.3M in 2022. Overall, imports posted strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Single Loudspeaker in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 2.3 | 1.2 | 4.5 | 8.7% |
| India | N/A | 0.1 | 0.4 | 0.4 | 100.0% |
| United Arab Emirates | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Total | 3.8 | 2.8 | 2.1 | 5.3 | 11.7% |
Top Suppliers of Single Loudspeaker to Ethiopia in 2022:
- China (107.0K units)
- India (5.5K units)
- United Arab Emirates (2.9K units)
Single Loudspeaker Exports in Ethiopia
In 2022, after three years of growth, there was significant decline in overseas shipments of single loudspeakers (in enclosure), when their volume decreased by -68.9% to 65 units. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 418% against the previous year. The exports peaked at 209 units in 2021, and then shrank remarkably in the following year.
In value terms, single loudspeaker exports declined rapidly to $6.4K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 373%. The exports peaked at $9.7K in 2021, and then fell notably in the following year.
| Export of Single Loudspeaker in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 117 | 456 | 1,144 | 2,782 | 187.6% |
| United Kingdom | 716 | 1,171 | 1,550 | 1,430 | 25.9% |
| Cote d'Ivoire | 46.0 | 17.0 | 560 | 857 | 165.1% |
| Kenya | 6.0 | 28.0 | 176 | 335 | 282.2% |
| Malawi | 16.0 | 52.0 | 108 | 182 | 124.9% |
| Ghana | 35.0 | 106 | 192 | 151 | 62.8% |
| Burkina Faso | N/A | 3.0 | N/A | 115 | 519.1% |
| Belgium | 144 | 308 | 405 | 91.0 | -14.2% |
| Mozambique | N/A | N/A | 871 | 16.0 | -98.2% |
| Spain | N/A | N/A | 443 | N/A | 0% |
| South Korea | N/A | N/A | 1,980 | N/A | 0% |
| India | N/A | N/A | 286 | N/A | 0% |
| Turkey | N/A | N/A | 698 | N/A | 0% |
| Others | 392 | 4,826 | 1,246 | 452 | 4.9% |
| Total | 1,472 | 6,967 | 9,659 | 6,411 | 63.3% |
Top Export Markets for Single Loudspeaker from Ethiopia in 2022:
- Germany (731.0 units)
- United Kingdom (376.0 units)
- Cote d'Ivoire (226.0 units)
- Malawi (49.0 units)
- Kenya (49.0 units)
- Ghana (40.0 units)
- Burkina Faso (31.0 units)
- Belgium (25.0 units)
- Mozambique (5.0 units)
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