Price for Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia

Price for Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $34,849 per ton, waning by -15.6% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 63%. The import price peaked at $56,116 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($68,444 per ton), while the price for Spain ($12,538 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $43,395 per ton in 2022, with an increase of 30% against the previous year. Overall, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 156% against the previous year. Over the period under review, the average export prices reached the peak figure at $77,803 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Zambia ($239,857 per ton), while the average price for exports to Italy amounted to $39,356 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-4.0%).

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia

In 2022, after two years of decline, there was significant growth in purchases abroad of machinery; parts of machinery of heading no. 8422, when their volume increased by 89% to 186 tons. In general, imports, however, recorded a abrupt downturn.

In value terms, imports of machinery; parts of machinery of heading no. 8422 surged to $6.5M in 2022. Overall, imports, however, saw a relatively flat trend pattern.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Ethiopia in 2022:

1. Germany (65.7 tons)
2. China (42.3 tons)
3. Italy (27.9 tons)
4. Turkey (19.7 tons)
5. India (12.6 tons)
6. Spain (6.0 tons)
7. France (4.1 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Ethiopia

In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 decreased by -25.9% to 1.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 798% against the previous year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 reduced to $53K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 422%.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Ethiopia in 2022:

1. Italy (1185.0 kg)
2. Zambia (21.0 kg)

Source: IndexBox Market Intelligence Platform