Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ethiopia - 2022

Contents:

  1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ethiopia (CIF) - 2022
  2. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ethiopia

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ethiopia (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $553 per unit, reducing by -38.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 545% against the previous year. Over the period under review, average import prices attained the peak figure at $1,865 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($705 per unit), while the price for the United Arab Emirates ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.4%), while the prices for the other major suppliers experienced a decline.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ethiopia

After three years of growth, supplies from abroad of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses decreased by -55.6% to 8 units in 2022. In general, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2020 when imports increased by 67%. Imports peaked at 18 units in 2021, and then declined significantly in the following year.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses fell sharply to $4.4K in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 272%. As a result, imports attained the peak of $28K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy6.523.913.64.2-13.5%
China0.84.02.60.2-37.0%
IndiaN/AN/AN/AN/A0%
United Arab Emirates0.20.10.1N/A-29.3%
OthersN/AN/AN/AN/A0%
Total7.528.016.24.4-16.3%

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Ethiopia in 2022:

  1. Italy (6.0 units)
  2. United Arab Emirates (1.0 units)
  3. China (1.0 units)

Source: IndexBox Market Intelligence Platform

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