Report Update: May 8, 2024

Ethiopia - Jacks And Hoists For Raising Vehicles - Market Analysis, Forecast, Size, Trends And Insights

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Jacks and Hoists Price in Ethiopia - 2022

Jacks and Hoists Price in Ethiopia (CIF) - 2022

The average jacks and hoists import price stood at $184 per unit in 2022, increasing by 95% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 127%. As a result, import price attained the peak level of $649 per unit. From 2016 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 Germany ($430 per unit), while the price for Japan ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.4%), while the prices for the other major suppliers experienced a decline.

Jacks and Hoists Price in Ethiopia (FOB) - 2022

In 2022, the average jacks and hoists export price amounted to $2,504 per unit, increasing by 28% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 390%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 France ($2,330 per unit), while the average price for exports to Italy ($230 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 France (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Jacks and Hoists Imports in Ethiopia

In 2022, approx. 2.5K units of jacks and hoists for raising vehicles were imported into Ethiopia; growing by 10% on the previous year. Overall, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, imports attained the peak of 4K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, jacks and hoists imports rose significantly to $452K in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, imports reached the peak of $882K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Jacks and Hoists in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	205	375	234	250	6.8%
China	129	161	119	139	2.5%
Tunisia	17.8	30.9	18.3	18.5	1.3%
Turkey	1.9	2.0	0.4	2.4	8.1%
Poland	1.5	3.0	2.0	2.4	17.0%
Japan	2.2	1.3	0.4	1.0	-23.1%
India	21.3	66.6	9.9	0.1	-83.3%
Singapore	28.3	118	N/A	N/A	317.0%
Others	49.8	125	20.9	38.3	-8.4%
Total	457	882	405	452	-0.4%

Top Suppliers of Jacks and Hoists to Ethiopia in 2022:

Spain (1335.0 units)
China (655.0 units)
Tunisia (99.0 units)
Poland (75.0 units)
Japan (70.0 units)
Turkey (64.0 units)
India (1.0 units)

Jacks and Hoists Exports in Ethiopia

In 2022, shipments abroad of jacks and hoists for raising vehicles was finally on the rise to reach 146 units after two years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports reached the peak figure at 185 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, jacks and hoists exports soared to $190K in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Jacks and Hoists in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	37.3	16.9	8.3	172	66.4%
Djibouti	2.6	1.6	1.0	16.7	85.9%
Poland	1.5	N/A	N/A	N/A	0%
Others	0.8	0.2	0.6	1.2	14.5%
Total	42.2	18.7	9.8	190	65.1%

Top Export Markets for Jacks and Hoists from Ethiopia in 2022:

France (74.0 units)
Djibouti (70.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the jacks and hoists 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 28221370 - Jacks and hoists of a kind used for raising vehicles (excluding built-in jacking systems of a kind used in garages, hydraulic jacks and hoists)

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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