Price for Textile Machinery; Spinning Machines in Ethiopia - 2022
Contents:
- Price for Textile Machinery; Spinning Machines in Ethiopia (CIF) - 2022
- Imports of Textile Machinery; Spinning Machines in Ethiopia
Price for Textile Machinery; Spinning Machines in Ethiopia (CIF) - 2022
In 2022, the average textile machinery; spinning machines import price amounted to $12,275 per unit, with an increase of 89% against the previous year. Over the period under review, the import price showed a remarkable increase. The growth pace was the most rapid in 2019 an increase of 167% against the previous year. As a result, import price attained the peak level of $34,857 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +114.1% per year.
Imports of Textile Machinery; Spinning Machines in Ethiopia
In 2022, imports of textile machinery; spinning machineses into Ethiopia declined significantly to 6 units, reducing by -96.6% on the year before. Overall, imports saw a precipitous contraction. The smallest decline of -5.8% was in 2021. Over the period under review, imports attained the peak figure at 675 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, textile machinery; spinning machines imports plummeted to $74K in 2022. In general, imports continue to indicate a dramatic contraction. The smallest decline of -27.3% was in 2021. Imports peaked at $24M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Textile Machinery; Spinning Machines in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| China | 22.3 | 1.0 | 0.6 | N/A | -83.6% |
| Germany | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Japan | 0.1 | N/A | 0.1 | N/A | 0.0% |
| United Arab Emirates | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Italy | 0.1 | N/A | N/A | N/A | 0% |
| Turkey | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 23.5 | 1.6 | 1.2 | 0.1 | -83.8% |
Top Suppliers of Textile Machinery; Spinning Machines to Ethiopia in 2022:
- India (6.0 units)
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