Ethiopia: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Ethiopia

In 2022, the Ethiopian gearboxes and speed changers market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed strong growth. Gearboxes and speed changers consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Gearboxes and Speed Changers

Exports from Ethiopia

In 2022, approx. X kg of gearboxes and speed changers were exported from Ethiopia; dropping by X% compared with the previous year's figure. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, gearboxes and speed changers exports fell sharply to $X in 2022. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X kg) was the main destination for gearboxes and speed changers exports from Ethiopia, with a X% share of total exports. Moreover, gearboxes and speed changers exports to Kenya exceeded the volume sent to the second major destination, South Africa (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Kenya amounted to X%.

In value terms, the largest markets for gearboxes and speed changers exported from Ethiopia were South Africa ($X) and Kenya ($X).

Kenya, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Kenya totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Ethiopia

In 2022, overseas purchases of gearboxes and speed changers decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers imports fell significantly to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gearboxes and speed changers to Ethiopia, with a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, the largest gearboxes and speed changers suppliers to Ethiopia were China ($X), Germany ($X) and India ($X), with a combined X% share of total imports. Italy, France and Japan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :