Ethiopia - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Ethiopia - Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Boring Machinery Price in Ethiopia - 2022

Contents:

  1. Boring Machinery Price in Ethiopia (CIF) - 2022
  2. Boring Machinery Price in Ethiopia (FOB) - 2022
  3. Boring Machinery Imports in Ethiopia
  4. Boring Machinery Exports in Ethiopia

Boring Machinery Price in Ethiopia (CIF) - 2022

In 2022, the average boring machinery import price amounted to $7,792 per unit, which is down by -51.7% against the previous year. Overall, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2014 an increase of 108% against the previous year. As a result, import price attained the peak level of $81,470 per unit. From 2015 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 China ($23,765 per unit), while the price for Turkey ($7,693 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-4.5%), while the prices for the other major suppliers experienced a decline.

Boring Machinery Price in Ethiopia (FOB) - 2022

The average boring machinery export price stood at $814 per unit in 2022, remaining stable against the previous year. In general, the export price saw a sharp decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 140%. The export price peaked at $85,176 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($2,667 per unit), while the average price for exports to Cote d'Ivoire ($7 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 South Africa (-15.9%), while the prices for the other major destinations experienced a decline.

Boring Machinery Imports in Ethiopia

After two years of decline, overseas purchases of boring or sinking machinery increased by 3,221% to 1.1K units in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, boring machinery imports skyrocketed to $8.8M in 2022. Overall, imports, however, continue to indicate a precipitous curtailment. Over the period under review, imports hit record highs at $21M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Boring Machinery in Ethiopia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.2N/AN/A8.6250.3%
China2.90.1N/A0.2-59.0%
Kenya16.50.70.5N/A-82.6%
Others1.40.10.1N/A-73.3%
Total20.90.90.58.8-25.0%

Top Suppliers of Boring Machinery to Ethiopia in 2022:

  1. Turkey (1120.0 units)
  2. China (7.0 units)

Boring Machinery Exports in Ethiopia

For the third year in a row, Ethiopia recorded decline in overseas shipments of boring or sinking machinery, which decreased by 0% to 4 units in 2022. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -63.6% was in 2020. Over the period under review, the exports hit record highs at 11 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, boring machinery exports stood at $3.3K in 2022. In general, exports faced a precipitous curtailment. The smallest decline of -99.3% was in 2020. The exports peaked at $937K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Boring Machinery in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa2304.4N/A2.7-77.3%
United Arab Emirates47.80.7N/A0.3-81.6%
Djibouti25.00.5N/A0.3-77.1%
Zambia169N/AN/AN/A0%
Belgium38.20.9N/AN/A-97.6%
Uganda106N/AN/AN/A0%
Mozambique30.2N/AN/AN/A0%
Cote d'IvoireN/AN/AN/AN/A0%
Tanzania291N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total9376.5N/A3.3-84.8%

Top Export Markets for Boring Machinery from Ethiopia in 2022:

  1. United Arab Emirates (1.0 units)
  2. Djibouti (1.0 units)
  3. Cote d'Ivoire (1.0 units)
  4. South Africa (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the boring machinery market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28921255 - Boring or sinking machinery (including fixed platforms used for oil or natural gas exploration) (excluding self-propelled)

Country coverage:

  • Ethiopia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ethiopia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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