Price for Tools, Hand; Other than Household Tools in Ethiopia - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Ethiopia (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Ethiopia (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Ethiopia
- Exports of Tools, Hand; Other than Household Tools in Ethiopia
Price for Tools, Hand; Other than Household Tools in Ethiopia (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $4,382 per ton in 2022, reducing by -8.8% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 tools, hand; other than household toolses decreased by -29.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 41%. The import price peaked at $6,319 per ton in 2015; however, from 2016 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 the United States ($23,492 per ton), while the price for China ($3,411 per ton) 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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Ethiopia (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $8,038 per ton, shrinking by -45.5% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 174%. As a result, the export price reached the peak level of $21,034 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($25,813 per ton), while the average price for exports to El Salvador ($589 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Ethiopia
In 2022, supplies from abroad of tools, hand; other than household toolses was finally on the rise to reach 598 tons after two years of decline. Overall, imports, however, saw a deep setback.
In value terms, imports of tools, hand; other than household toolses amounted to $2.6M in 2022. In general, imports, however, continue to indicate a drastic downturn.
| Import of Tools, Hand; Other than Household Tools in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,792 | 2,979 | 1,528 | 1,734 | -1.1% |
| United States | 144 | 55.7 | 180 | 436 | 44.7% |
| Italy | 141 | 224 | 67.2 | 121 | -5.0% |
| India | 149 | 110 | 57.9 | 83.8 | -17.5% |
| France | 274 | 149 | 119 | 65.0 | -38.1% |
| Others | 1,895 | 504 | 551 | 181 | -54.3% |
| Total | 4,396 | 4,023 | 2,503 | 2,620 | -15.8% |
Top Suppliers of Tools, Hand; Other than Household Tools to Ethiopia in 2022:
- China (508.4 tons)
- Italy (24.3 tons)
- United States (18.6 tons)
- India (14.1 tons)
- France (12.3 tons)
Exports of Tools, Hand; Other than Household Tools in Ethiopia
In 2022, overseas shipments of tools, hand; other than household toolses decreased by -44% to 1.1 tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,812% against the previous year. As a result, the exports reached the peak of 17 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tools, hand; other than household toolses declined sharply to $9.1K in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 2,974%. As a result, the exports attained the peak of $218K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tools, Hand; Other than Household Tools in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | 6.0 | N/A | 2.5 | -35.5% |
| Sweden | N/A | N/A | 1.2 | 2.1 | 75.0% |
| Germany | 0.3 | 26.6 | 0.3 | 1.2 | 58.7% |
| Kenya | 0.1 | 45.1 | N/A | 0.8 | 100.0% |
| Denmark | N/A | 37.1 | 1.5 | 0.4 | -89.6% |
| Greece | N/A | N/A | N/A | 0.3 | 0% |
| France | 0.3 | 7.0 | 1.1 | 0.3 | 0.0% |
| United States | 0.6 | 4.0 | 0.1 | 0.3 | -20.6% |
| El Salvador | N/A | N/A | N/A | 0.2 | 0% |
| South Korea | N/A | N/A | 1.2 | N/A | 0% |
| Tanzania | N/A | 27.6 | N/A | N/A | 0% |
| Bangladesh | N/A | 0.6 | N/A | N/A | 0% |
| Others | 5.8 | 63.8 | 24.2 | 0.9 | -46.3% |
| Total | 7.1 | 218 | 29.7 | 9.1 | 8.6% |
Top Export Markets for Tools, Hand; Other than Household Tools from Ethiopia in 2022:
- El Salvador (350.0 kg)
- Sweden (143.0 kg)
- Kenya (114.0 kg)
- Switzerland (96.0 kg)
- Greece (94.0 kg)
- Germany (90.0 kg)
- France (68.0 kg)
- United States (61.0 kg)
- Denmark (7.0 kg)
- Tanzania (2.0 kg)
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