Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ethiopia - 2022
Contents:
- Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ethiopia (CIF) - 2022
- Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ethiopia
Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ethiopia (CIF) - 2022
In 2022, the average import price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses amounted to $2,359 per unit, which is down by -9.4% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 126%. As a result, import price reached the peak level of $10,667 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
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 India ($4,062 per unit), while the price for Turkey ($1,027 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ethiopia
In 2022, the amount of weaving machines (looms); for weaving fabrics of a width 30cm or lesses imported into Ethiopia surged to 27 units, picking up by 50% against the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.9% against 2020 indices. Imports peaked at 31 units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses surged to $61K in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 36.8 | 3.6 | 32.6 | 33.1 | -3.5% |
| China | 4.8 | 43.1 | 4.9 | 15.7 | 48.4% |
| Taiwan (Chinese) | 4.2 | 0.6 | 6.1 | 7.4 | 20.8% |
| India | 0.7 | 0.1 | 3.3 | 4.1 | 80.3% |
| Turkey | 1.4 | 0.1 | 0.1 | 1.0 | -10.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 48.0 | 47.4 | 46.9 | 61.3 | 8.5% |
Top Suppliers of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less to Ethiopia in 2022:
- Switzerland (11.0 units)
- China (11.0 units)
- Taiwan (Chinese) (3.0 units)
- Turkey (1.0 units)
- India (1.0 units)
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