Ethiopia - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCrane Price in Ethiopia - 2022
Contents:
- Crane Price in Ethiopia (CIF) - 2022
- Crane Price in Ethiopia (FOB) - 2022
- Crane Imports in Ethiopia
- Crane Exports in Ethiopia
Crane Price in Ethiopia (CIF) - 2022
The average crane import price stood at $77,145 per unit in 2022, dropping by -17.4% against the previous year. Overall, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of 24%. As a result, import price reached the peak level of $113,420 per unit. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($109,994 per unit), while the price for Germany ($52,128 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced a decline.
Crane Price in Ethiopia (FOB) - 2022
The average crane export price stood at $65,154 per unit in 2022, flattening at the previous year. Over the period under review, the export price enjoyed moderate growth. The pace of growth was the most pronounced in 2014 an increase of 152% against the previous year. Over the period under review, the average export prices attained the peak figure at $135,524 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Djibouti.
From 2012 to 2022, the rate of growth in terms of prices for Djibouti amounted to +1.4% per year.
Crane Imports in Ethiopia
In 2022, approx. 189 units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Ethiopia; picking up by 27% compared with 2021. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, crane imports expanded modestly to $15M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 6.4%. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Crane in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 5.5 | 8.7 | 9.0 | 3.2% |
| Turkey | 1.1 | 1.6 | 0.3 | 2.1 | 24.1% |
| India | 2.5 | 1.5 | 1.9 | 1.6 | -13.8% |
| Italy | 1.7 | 5.2 | 0.4 | 1.0 | -16.2% |
| Germany | 0.1 | 0.5 | 0.1 | 0.5 | 71.0% |
| Others | 0.5 | 0.8 | 2.6 | 0.3 | -15.7% |
| Total | 14.2 | 15.1 | 13.9 | 14.6 | 0.9% |
Top Suppliers of Crane to Ethiopia in 2022:
- China (109.0 units)
- Turkey (37.0 units)
- India (15.0 units)
- Italy (12.0 units)
- Germany (10.0 units)
Crane Exports in Ethiopia
For the third year in a row, Ethiopia recorded decline in shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, which decreased by 0% to 2 units in 2022. In general, exports faced a sharp decrease. The smallest decline of -90% was in 2020. Over the period under review, the exports attained the peak figure at 50 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, crane exports stood at $130K in 2022. Overall, exports saw a precipitous slump. The smallest decline of -82.9% was in 2020. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Crane in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | 371 | 170 | N/A | 130 | -29.5% |
| Mozambique | 1.5 | N/A | N/A | N/A | 0% |
| Belgium | N/A | 1.3 | N/A | N/A | 0% |
| Germany | N/A | 15.6 | N/A | N/A | 0% |
| Indonesia | 364 | N/A | N/A | N/A | 0% |
| Tanzania | 476 | N/A | N/A | N/A | 0% |
| Chad | N/A | 73.5 | N/A | N/A | 0% |
| Turkey | 312 | N/A | N/A | N/A | 0% |
| Others | 2.7 | N/A | N/A | N/A | 0% |
| Total | 1,527 | 261 | N/A | 130 | -56.0% |
Top Export Markets for Crane from Ethiopia in 2022:
- Djibouti (2.0 units)
This report provides an in-depth analysis of the crane 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 28221420 - Overhead travelling cranes on fixed support
- Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
- Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
- Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
- Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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