Ethiopia: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Ethiopia

The Ethiopian hydraulic automatic regulators market dropped modestly to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Hydraulic automatic regulators consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hydraulic Automatic Regulators Production in Ethiopia

In value terms, hydraulic automatic regulators production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Hydraulic Automatic Regulators Exports

Exports from Ethiopia

Hydraulic automatic regulators exports from Ethiopia soared to X units in 2017, with an increase of X% against the previous year's figure. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators exports skyrocketed to $X in 2017. Overall, exports, however, recorded a drastic downturn. The exports peaked at $X in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Germany (X units) and Italy (X units) were the main destinations of hydraulic automatic regulators exports from Ethiopia, with a combined X% share of total exports.

From 2012 to 2017, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest markets for hydraulic automatic regulators exported from Ethiopia worldwide, together comprising X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydraulic automatic regulators export price stood at $X per unit in 2017, picking up by X% against the previous year. In general, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2017, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2017, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Automatic Regulators Imports

Imports into Ethiopia

For the fourth year in a row, Ethiopia recorded decline in overseas purchases of hydraulic or pneumatic automatic regulating instruments, which decreased by X% to X units in 2022. Overall, imports faced a dramatic decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators imports contracted rapidly to $X in 2022. Over the period under review, imports showed a sharp slump. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and South Korea (X units) were the main suppliers of hydraulic automatic regulators imports to Ethiopia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of hydraulic or pneumatic automatic regulating instruments to Ethiopia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The average hydraulic automatic regulators import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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