Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,628 per unit in 2022, stabilizing at the previous year. In general, the import price, however, saw a measured expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 134% against the previous year. The import price peaked at $9,379 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,380 per unit), while the price for Russia ($596 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia (FOB) - 2022
In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $4,664 per unit, picking up by 92% against the previous year. Over the period under review, the export price showed resilient growth. The growth pace was the most rapid in 2019 an increase of 584% against the previous year. The export price peaked at $8,289 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($16,245 per unit), while the average price for exports to the United Arab Emirates ($607 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 Angola (+253.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia
In 2022, purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -19.2% to 2.9K units for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a slight descent. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Over the period under review, imports of attained the peak figure at 3.6K units in 2021, and then declined notably in the following year.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank significantly to $7.7M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 2.2 | 2.8 | 3.1 | 3.2 | 13.3% |
| Poland | 1.5 | 3.0 | 2.6 | 1.7 | 4.3% |
| China | 1.9 | 2.8 | 2.1 | 1.6 | -5.6% |
| Germany | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
| Bahrain | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Italy | 0.5 | 0.4 | 0.6 | 0.1 | -41.5% |
| Japan | 0.3 | 0.3 | 0.3 | 0.1 | -30.7% |
| Others | 0.5 | 0.5 | 0.8 | 0.7 | 11.9% |
| Total | 7.5 | 10.2 | 9.7 | 7.7 | 0.9% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Ethiopia in 2022:
- Belarus (1413.0 units)
- Poland (496.0 units)
- China (490.0 units)
- Japan (81.0 units)
- Germany (77.0 units)
- Bahrain (40.0 units)
- Italy (32.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia
For the third consecutive year, Ethiopia recorded decline in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), which decreased by 0% to 7 units in 2022. Overall, exports saw a abrupt decline. The smallest decline of -11.1% was in 2020. The exports peaked at 9 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $33K in 2022. In general, exports saw a pronounced slump. The exports peaked at $66K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.2 | 20.5 | 4.6 | 16.2 | 46.1% |
| Austria | 25.1 | 31.3 | 7.9 | 8.4 | -30.6% |
| South Africa | 0.8 | 3.3 | 0.8 | 2.6 | 48.1% |
| Angola | N/A | N/A | N/A | 1.8 | 0% |
| Turkey | 0.7 | 2.5 | 0.5 | 1.5 | 28.9% |
| Germany | 1.7 | 7.0 | 0.9 | 1.5 | -4.1% |
| United Arab Emirates | 0.5 | 1.5 | 0.2 | 0.6 | 6.3% |
| Burkina Faso | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Ghana | N/A | N/A | N/A | N/A | 0% |
| Others | 1.1 | N/A | 2.0 | N/A | 34.8% |
| Total | 35.5 | 66.3 | 17.0 | 32.6 | -2.8% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Ethiopia in 2022:
- Turkey (1.0 units)
- Angola (1.0 units)
- South Africa (1.0 units)
- United Arab Emirates (1.0 units)
- Austria (1.0 units)
- Germany (1.0 units)
- Italy (1.0 units)
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