Ethiopia - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in Ethiopia - 2022
Contents:
- Price for Internal Combustion Engine Equipment in Ethiopia (CIF) - 2022
- Price for Internal Combustion Engine Equipment in Ethiopia (FOB) - 2022
- Imports of Internal Combustion Engine Equipment in Ethiopia
- Exports of Internal Combustion Engine Equipment in Ethiopia
Price for Internal Combustion Engine Equipment in Ethiopia (CIF) - 2022
In 2022, the average internal combustion engine equipment import price amounted to $9.4 per unit, growing by 5.5% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 34%. The import price peaked at $31 per unit in 2016; however, from 2017 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 Japan ($15 per unit), while the price for China ($6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.6%), while the prices for the other major suppliers experienced a decline.
Price for Internal Combustion Engine Equipment in Ethiopia (FOB) - 2022
The average internal combustion engine equipment export price stood at $3.5 per unit in 2022, waning by -29.9% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 289%. The export price peaked at $41 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($3.7 per unit) and the United Arab Emirates ($3.6 per unit), while the average price for exports to France ($3.6 per unit) and Djibouti ($3.6 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+17.2%), while the prices for the other major destinations experienced a decline.
Imports of Internal Combustion Engine Equipment in Ethiopia
After three years of growth, purchases abroad of equipment for internal combustion engines decreased by -24.7% to 69K units in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 607%. Imports peaked at 92K units in 2021, and then declined rapidly in the following year.
In value terms, internal combustion engine equipment imports fell sharply to $648K in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 372%. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Internal Combustion Engine Equipment in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.4 | 156 | 185 | 183 | 104.5% |
| Japan | 4.6 | 40.4 | 120 | 164 | 229.1% |
| India | 13.6 | 132 | 208 | 103 | 96.4% |
| United States | 0.4 | 8.2 | 99.2 | 64.5 | 444.3% |
| Italy | 1.0 | 19.7 | 11.8 | 47.4 | 261.9% |
| Turkey | 0.1 | 1.6 | 6.1 | 18.9 | 473.9% |
| United Kingdom | 243 | 1,000 | 20.0 | 3.1 | -76.6% |
| Others | 18.1 | 67.0 | 165 | 64.3 | 52.6% |
| Total | 302 | 1,425 | 815 | 648 | 29.0% |
Top Suppliers of Internal Combustion Engine Equipment to Ethiopia in 2022:
- China (30.5K units)
- Japan (10.7K units)
- India (10.6K units)
- United States (8.9K units)
- Italy (3.2K units)
- Turkey (1.3K units)
- United Kingdom (0.2K units)
Exports of Internal Combustion Engine Equipment in Ethiopia
Internal combustion engine equipment exports from Ethiopia surged to 126 units in 2022, rising by 24% against 2021. Overall, exports, however, recorded a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 61%. As a result, the exports attained the peak of 6.8K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, internal combustion engine equipment exports reduced to $444 in 2022. In general, exports, however, continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 2.4%. As a result, the exports attained the peak of $42K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Internal Combustion Engine Equipment in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.5 | 7.5 | 0.1 | 0.1 | -75.1% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| United States | 30.3 | 29.2 | 0.3 | 0.1 | -85.1% |
| Djibouti | 4.0 | 5.0 | 0.1 | 0.1 | -70.8% |
| Others | 0.7 | 0.9 | N/A | N/A | 28.6% |
| Total | 41.5 | 42.5 | 0.5 | 0.4 | -78.7% |
Top Export Markets for Internal Combustion Engine Equipment from Ethiopia in 2022:
- United Arab Emirates (41.0 units)
- United States (35.0 units)
- France (27.0 units)
- Djibouti (19.0 units)
This report provides an in-depth analysis of the market for internal combustion engine equipment 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 29312270 - Equipment, n.e.c., for internal combustion engines
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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