Files and Rasps Price in Ethiopia - 2022
Contents:
- Files and Rasps Price in Ethiopia (CIF) - 2022
- Files and Rasps Price in Ethiopia (FOB) - 2022
- Files and Rasps Imports in Ethiopia
- Files and Rasps Exports in Ethiopia
Files and Rasps Price in Ethiopia (CIF) - 2022
In 2022, the average files and rasps import price amounted to $3 per unit, declining by -3.4% against the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of 67% against the previous year. As a result, import price attained the peak level of $4.3 per unit. From 2018 to 2022, the average 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 Mexico ($6 per unit), while the price for China ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.6%), while the prices for the other major suppliers experienced a decline.
Files and Rasps Price in Ethiopia (FOB) - 2022
In 2022, the average files and rasps export price amounted to $5.7 per unit, shrinking by -5.7% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The pace of growth was the most pronounced in 2013 an increase of 276%. Over the period under review, the average export prices reached the peak figure at $30 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 ($10 per unit), while the average price for exports to Switzerland ($1.4 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 Nigeria (+89.3%), while the prices for the other major destinations experienced more modest paces of growth.
Files and Rasps Imports in Ethiopia
In 2022, imports of files, rasps and similar tools into Ethiopia soared to 256K units, growing by 35% against the previous year. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 205% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, files and rasps imports surged to $777K in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 161%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Files and Rasps in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 444 | 359 | 552 | 46.9% |
| India | 11.6 | 29.9 | 9.1 | 128 | 122.6% |
| Colombia | 42.6 | 115 | 104 | 87.1 | 26.9% |
| Mexico | 29.6 | 88.5 | 62.7 | 4.1 | -48.3% |
| Others | 24.1 | 59.0 | 61.9 | 6.1 | -36.7% |
| Total | 282 | 736 | 597 | 777 | 40.2% |
Top Suppliers of Files and Rasps to Ethiopia in 2022:
- China (199.9K units)
- India (37.2K units)
- Colombia (16.8K units)
- Mexico (0.7K units)
Files and Rasps Exports in Ethiopia
Files and rasps exports from Ethiopia fell to 145 units in 2022, reducing by -6.5% on 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 308% against the previous year. As a result, the exports reached the peak of 155 units, and then shrank in the following year.
In value terms, files and rasps exports fell to $825 in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 142%. As a result, the exports attained the peak of $935, and then declined in the following year.
| Export of Files and Rasps in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 318 | 0% |
| United States | N/A | N/A | N/A | 145 | 0% |
| Egypt | N/A | N/A | N/A | 51.0 | 0% |
| Switzerland | N/A | N/A | N/A | 51.0 | 0% |
| Turkey | 10.0 | 85.0 | 5.0 | 50.0 | 71.0% |
| Mali | N/A | N/A | N/A | 50.0 | 0% |
| United Kingdom | 2.0 | 10.0 | 1.0 | 30.0 | 146.6% |
| Nigeria | 51.0 | N/A | 893 | N/A | 318.4% |
| Djibouti | 379 | N/A | N/A | N/A | 0% |
| Sri Lanka | N/A | N/A | 1.0 | N/A | 0% |
| Others | 57.0 | 292 | 35.0 | 130 | 31.6% |
| Total | 499 | 387 | 935 | 825 | 18.2% |
Top Export Markets for Files and Rasps from Ethiopia in 2022:
- Switzerland (37.0 units)
- Denmark (35.0 units)
- Mali (20.0 units)
- United Kingdom (15.0 units)
- United States (14.0 units)
- Egypt (8.0 units)
- Turkey (7.0 units)
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