Electric Rotary Converter Price in Ethiopia - 2022
Contents:
- Electric Rotary Converter Price in Ethiopia (CIF) - 2022
- Electric Rotary Converter Price in Ethiopia (FOB) - 2022
- Electric Rotary Converter Imports in Ethiopia
- Electric Rotary Converter Exports in Ethiopia
Electric Rotary Converter Price in Ethiopia (CIF) - 2022
The average electric rotary converter import price stood at $346 per unit in 2022, waning by -14.1% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 186%. Over the period under review, average import prices reached the maximum at $875 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Russia ($1,621 per unit), while the price for Italy ($9.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.3%), while the prices for the other major suppliers experienced a decline.
Electric Rotary Converter Price in Ethiopia (FOB) - 2022
In 2021, the average electric rotary converter export price amounted to $343 per unit, flattening at the previous year. Overall, the export price showed a dramatic descent. The growth pace was the most rapid in 2019 when the average export price increased by 645% against the previous year. The export price peaked at $3,453 per unit in 2012; however, from 2013 to 2021, 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 Nigeria.
From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to +48.1% per year.
Electric Rotary Converter Imports in Ethiopia
In 2022, electric rotary converter imports into Ethiopia reduced notably to 534 units, which is down by -30.4% compared with the year before. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 304% against the previous year. As a result, imports attained the peak of 767 units, and then fell remarkably in the following year.
In value terms, electric rotary converter imports reduced sharply to $185K in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 406%. As a result, imports reached the peak of $308K, and then declined rapidly in the following year.
| Import of Electric Rotary Converter in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 93.8 | 47.3 | 253 | 148 | 16.4% |
| China | 8.1 | 5.4 | 33.1 | 16.2 | 26.0% |
| Germany | 20.0 | 4.2 | 0.4 | 9.2 | -22.8% |
| Kenya | 0.7 | 0.7 | 3.9 | 1.9 | 39.5% |
| Sweden | 1.0 | 0.5 | 2.8 | 1.6 | 17.0% |
| Spain | 1.3 | 0.7 | 3.3 | 1.6 | 7.2% |
| United States | 1.3 | N/A | 2.5 | 1.2 | -2.6% |
| Italy | 0.4 | N/A | 0.3 | 0.2 | -20.6% |
| Norway | N/A | N/A | N/A | N/A | 0% |
| Others | 5.1 | 2.0 | 9.1 | 5.3 | 1.3% |
| Total | 132 | 60.9 | 308 | 185 | 11.9% |
Top Suppliers of Electric Rotary Converter to Ethiopia in 2022:
- China (297.0 units)
- Russia (91.0 units)
- United States (36.0 units)
- Germany (21.0 units)
- Italy (20.0 units)
- Kenya (18.0 units)
- Sweden (15.0 units)
- Spain (12.0 units)
Electric Rotary Converter Exports in Ethiopia
Electric rotary converter exports from Ethiopia amounted to 10 units in 2021, approximately reflecting the previous year. Over the period under review, exports showed a remarkable increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, electric rotary converter exports amounted to $3.4K in 2021. Overall, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.
| Export of Electric Rotary Converter in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Nigeria | 1.0 | N/A | 3.4 | 84.4% | |
| Somalia | 1.2 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 2.2 | N/A | 3.4 | 24.3% | |
Top Export Markets for Electric Rotary Converter from Ethiopia in 2022:
- Nigeria (10.0 units)
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