Ethiopia - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Ethiopia - 2022
Contents:
- Thermostat Price in Ethiopia (CIF) - 2022
- Thermostat Price in Ethiopia (FOB) - 2022
- Thermostat Imports in Ethiopia
- Thermostat Exports in Ethiopia
Thermostat Price in Ethiopia (CIF) - 2022
In 2022, the average thermostat import price amounted to $2.8 per unit, with an increase of 79% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($6.9 per unit), while the price for Romania ($0.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Thermostat Price in Ethiopia (FOB) - 2022
In 2022, the average thermostat export price amounted to $18 per unit, jumping by 37% against the previous year. Over the period under review, the export price, however, showed a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by 339% against the previous year. As a result, the export price attained the peak level of $77 per unit. From 2016 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 Germany ($49 per unit), while the average price for exports to Italy ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.1%), while the prices for the other major destinations experienced a decline.
Thermostat Imports in Ethiopia
In 2022, after three years of growth, there was significant decline in overseas purchases of thermostats, when their volume decreased by -57.5% to 272K units. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 94% against the previous year. As a result, imports reached the peak of 641K units, and then shrank rapidly in the following year.
In value terms, thermostat imports dropped markedly to $765K in 2022. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports reached the peak of $1M, and then contracted notably in the following year.
| Import of Thermostat in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.2 | 8.9 | 18.6 | 330 | 129.8% |
| China | 150 | 300 | 627 | 131 | -4.4% |
| Canada | 0.1 | 0.7 | 0.3 | 123 | 971.4% |
| Italy | 41.5 | 41.7 | 102 | 48.0 | 5.0% |
| Japan | 16.8 | 19.8 | 10.9 | 19.8 | 5.6% |
| India | 8.6 | 6.0 | 14.2 | 13.9 | 17.4% |
| Germany | 73.4 | 50.0 | 57.2 | 13.7 | -42.9% |
| Turkey | 50.8 | 11.1 | 22.5 | 10.2 | -41.4% |
| Romania | 2.9 | 0.8 | 0.5 | 7.5 | 37.3% |
| Others | 82.9 | 131 | 153 | 67.9 | -6.4% |
| Total | 454 | 570 | 1,006 | 765 | 19.0% |
Top Suppliers of Thermostat to Ethiopia in 2022:
- China (80.0K units)
- Canada (57.8K units)
- United States (47.7K units)
- Japan (20.3K units)
- India (16.0K units)
- Italy (15.7K units)
- Romania (9.1K units)
- Turkey (3.1K units)
- Germany (2.2K units)
Thermostat Exports in Ethiopia
In 2022, after two years of decline, there was significant decline in overseas shipments of thermostats, when their volume decreased by -63.4% to 26 units. Overall, exports continue to indicate a perceptible reduction. Over the period under review, the exports reached the maximum at 71 units in 2021, and then declined dramatically in the following year.
In value terms, thermostat exports shrank notably to $458 in 2022. In general, exports, however, saw significant growth. Over the period under review, the exports hit record highs at $915 in 2021, and then declined remarkably in the following year.
| Export of Thermostat in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 43.0 | N/A | 781 | 394 | 109.3% |
| United Kingdom | 5.0 | N/A | 87.0 | 44.0 | 106.5% |
| Saudi Arabia | 2.0 | N/A | 26.0 | 12.0 | 81.7% |
| Italy | 1.0 | N/A | 18.0 | 7.0 | 91.3% |
| Angola | 1.0 | N/A | 1.0 | 1.0 | 0.0% |
| Thailand | N/A | N/A | 1.0 | N/A | 0% |
| Zambia | 1.0 | N/A | N/A | N/A | 0% |
| Oman | N/A | N/A | 1.0 | N/A | 0% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 55.0 | N/A | 915 | 458 | 102.7% |
Top Export Markets for Thermostat from Ethiopia in 2022:
- Italy (13.0 units)
- Germany (8.0 units)
- United Kingdom (2.0 units)
- Saudi Arabia (2.0 units)
- Angola (1.0 units)
This report provides an in-depth analysis of the thermostat market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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