Price for Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia (CIF) - 2022
The average import price for electric motors stood at $59 per unit in 2022, declining by -51.3% against the previous year. In general, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of 45% against the previous year. Over the period under review, average import prices attained the maximum at $318 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($873 per unit), while the price for the United States ($26 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia (FOB) - 2022
The average export price for electric motors stood at $15 per unit in 2022, surging by 82% against the previous year. Overall, the export price, however, saw a precipitous descent. The export price peaked at $282 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($39 per unit), while the average price for exports to Turkey ($4.2 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 Turkey (-16.9%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia
In 2022, imports of electric motors into Ethiopia skyrocketed to 24K units, rising by 200% on the previous year's figure. Overall, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors skyrocketed to $1.4M in 2022. Over the period under review, imports, however, saw a deep reduction. Over the period under review, imports of reached the maximum at $1.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,038 | 591 | 398 | 512 | -21.0% |
| United States | 18.5 | 30.1 | 18.8 | 245 | 136.6% |
| Turkey | 34.5 | 12.5 | 58.2 | 83.7 | 34.4% |
| Others | 688 | 520 | 477 | 552 | -7.1% |
| Total | 1,779 | 1,154 | 952 | 1,392 | -7.9% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Ethiopia in 2022:
- China (11.6K units)
- United States (9.4K units)
- Turkey (1.1K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia
After three years of growth, shipments abroad of electric motors decreased by -38.3% to 1.1K units in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 422%. The exports peaked at 1.9K units in 2021, and then fell significantly in the following year.
In value terms, exports of electric motors rose markedly to $17K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 270%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.2 | 0.5 | 4.7 | 10.6 | 275.6% |
| Angola | N/A | N/A | N/A | 2.1 | 0% |
| South Africa | 0.2 | 0.4 | 2.1 | 1.4 | 91.3% |
| Nigeria | 0.1 | 1.3 | 2.5 | 1.0 | 115.4% |
| Turkey | 0.1 | 0.2 | 0.9 | 0.6 | 81.7% |
| Germany | 0.2 | 0.3 | 1.1 | 0.6 | 44.2% |
| United Arab Emirates | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Malaysia | 1.4 | 4.1 | N/A | N/A | 192.9% |
| Singapore | N/A | N/A | 3.0 | N/A | 0% |
| Others | N/A | 1.8 | 0.3 | 0.2 | -66.7% |
| Total | 2.3 | 8.6 | 14.9 | 16.7 | 93.6% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Ethiopia in 2022:
- France (274.0 units)
- Angola (179.0 units)
- South Africa (160.0 units)
- Nigeria (150.0 units)
- Turkey (145.0 units)
- Germany (142.0 units)
- United Arab Emirates (29.0 units)
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This report provides an in-depth analysis of the dc motor market in Ethiopia.
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This report provides an in-depth analysis of the global dc motor market.
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807
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1200
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