Ethiopia: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Ethiopia

In 2022, the Ethiopian market for turbo, rotary and reciporating displacement compressors decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, recorded notable growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Ethiopia

In 2022, the amount of turbo, rotary and reciporating displacement compressors exported from Ethiopia soared to X units, with an increase of X% on 2021. Over the period under review, exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors dropped to $X in 2022. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Ethiopia, accounting for a X% share of total exports. It was followed by Namibia (X units), with a X% share of total exports. The third position in this ranking was taken by Djibouti (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Djibouti (X% per year).

In value terms, China ($X) emerged as the key foreign market for turbo, rotary and reciporating displacement compressors exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Djibouti ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

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 China ($X per unit), while the average price for exports to Namibia ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Ethiopia

Imports of turbo, rotary and reciporating displacement compressors into Ethiopia shrank to X units in 2022, falling by X% compared with the year before. In general, imports showed a slight slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbo, rotary and reciporating displacement compressors declined to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Ethiopia, with a X% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

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

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, posted a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :