Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Ethiopia - 2022
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Ethiopia (CIF) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Ethiopia
Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Ethiopia (CIF) - 2022
The average import price for knitting machines; circular, with cylinder diameter not exceeding 165mms stood at $20,484 per unit in 2022, dropping by -6.5% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for knitting machines; circular, with cylinder diameter not exceeding 165mms increased by +11.1% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 250%. The import price peaked at $21,918 per unit in 2021, and then fell in the following year.
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 ($47,775 per unit), while the price for Taiwan (Chinese) ($2,076 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Ethiopia
For the third year in a row, Ethiopia recorded decline in overseas purchases of knitting machines; circular, with cylinder diameter not exceeding 165mms, which decreased by -71.4% to 18 units in 2022. Over the period under review, imports recorded a precipitous decrease. The smallest decline of -40.6% was in 2020. Over the period under review, imports of attained the maximum at 340 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of knitting machines; circular, with cylinder diameter not exceeding 165mms dropped sharply to $369K in 2022. In general, imports faced a dramatic contraction. The smallest decline of -39% was in 2020. Imports peaked at $6.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,735 | 3,313 | 1,139 | 164 | -69.4% |
| Turkey | 52.0 | 90.1 | 7.7 | 83.4 | 17.1% |
| Germany | 61.0 | 67.6 | 69.4 | 47.8 | -7.8% |
| India | 9.0 | 4.2 | 0.1 | 45.0 | 71.0% |
| Italy | 365 | 315 | 145 | 11.5 | -68.4% |
| United States | 35.1 | 21.4 | 8.9 | 10.5 | -33.1% |
| Taiwan (Chinese) | 6.9 | 12.7 | 10.9 | 6.2 | -3.5% |
| Others | 4.3 | 0.2 | N/A | N/A | -95.3% |
| Total | 6,268 | 3,824 | 1,381 | 369 | -61.1% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm to Ethiopia in 2022:
- China (8.0 units)
- Turkey (3.0 units)
- Taiwan (Chinese) (3.0 units)
- Italy (1.0 units)
- India (1.0 units)
- United States (1.0 units)
- Germany (1.0 units)
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