Speed Changer Price in Ethiopia - 2022
Contents:
- Speed Changer Price in Ethiopia (CIF) - 2022
- Speed Changer Price in Ethiopia (FOB) - 2022
- Speed Changer Imports in Ethiopia
- Speed Changer Exports in Ethiopia
Speed Changer Price in Ethiopia (CIF) - 2022
The average speed changer import price stood at $9,982 per ton in 2022, dropping by -20.4% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of 38%. As a result, import price reached the peak level of $19,608 per ton. From 2018 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 Germany ($67,838 per ton), while the price for China ($5,761 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.1%), while the prices for the other major suppliers experienced a decline.
Speed Changer Price in Ethiopia (FOB) - 2022
The average speed changer export price stood at $18,698 per ton in 2022, shrinking by -44.1% against the previous year. In general, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of 56% against the previous year. Over the period under review, the average export prices reached the maximum at $33,429 per ton in 2021, and then declined sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($55,683 per ton), while the average price for exports to Canada ($2,705 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Ethiopia
In 2022, approx. 1.2K tons of speed changers, industrial high-speed drives and gear were imported into Ethiopia; with an increase of 63% against 2021. Overall, imports saw a relatively flat trend pattern.
In value terms, speed changer imports surged to $12M in 2022. In general, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31%. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Speed Changer in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.3 | 1.9 | 1.3 | 3.2 | 35.0% |
| China | 3.1 | 6.9 | 3.0 | 2.2 | -10.8% |
| United States | 0.1 | 0.3 | 1.1 | 1.0 | 115.4% |
| Italy | 0.7 | 1.8 | 0.7 | 0.9 | 8.7% |
| Japan | 0.4 | 0.5 | 0.2 | 0.7 | 20.5% |
| South Korea | 0.1 | 0.2 | 0.1 | 0.5 | 71.0% |
| Canada | 3.3 | 0.1 | 0.2 | 0.2 | -60.7% |
| Others | 1.7 | 2.5 | 2.3 | 2.9 | 19.5% |
| Total | 10.8 | 14.2 | 8.9 | 11.5 | 2.1% |
Top Suppliers of Speed Changer to Ethiopia in 2022:
- India (419.3 tons)
- China (381.6 tons)
- Italy (97.3 tons)
- Japan (76.1 tons)
- South Korea (51.8 tons)
- United States (35.1 tons)
- Canada (5.4 tons)
Speed Changer Exports in Ethiopia
In 2022, approx. 1.3 tons of speed changers, industrial high-speed drives and gear were exported from Ethiopia; with an increase of 27% compared with the previous year's figure. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 107% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, speed changer exports fell significantly to $24K in 2022. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 137%. As a result, the exports reached the peak of $34K, and then shrank significantly in the following year.
| Export of Speed Changer in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 16.0 | 1.2 | 16.3 | 9.1 | -17.1% |
| Belgium | 4.2 | 7.4 | 7.9 | 7.9 | 23.4% |
| Cote d'Ivoire | 1.2 | 2.6 | 1.6 | 2.2 | 22.4% |
| Canada | N/A | N/A | 0.4 | 0.9 | 125.0% |
| Italy | 3.2 | 0.1 | 1.5 | 0.8 | -37.0% |
| Nigeria | 1.2 | 0.1 | 1.3 | 0.7 | -16.4% |
| Angola | 2.9 | 0.2 | N/A | N/A | -93.1% |
| Others | 3.9 | 2.7 | 5.1 | 2.7 | -11.5% |
| Total | 32.6 | 14.4 | 34.1 | 24.2 | -9.5% |
Top Export Markets for Speed Changer from Ethiopia in 2022:
- Belgium (474.0 kg)
- Canada (322.0 kg)
- United Arab Emirates (164.0 kg)
- Cote d'Ivoire (163.0 kg)
- Italy (71.0 kg)
- Nigeria (46.0 kg)
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