Ethiopia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Ethiopia

The Ethiopian trailer and semi-trailer market shrank dramatically to $X in 2022, falling by -36.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Trailer and semi-trailer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Ethiopia

After two years of growth, overseas shipments of cargo trailers and semi-trailers decreased by -1.9% to X units in 2022. Over the period under review, exports recorded a perceptible slump. The growth pace was the most rapid in 2018 with an increase of 206% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, trailer and semi-trailer exports fell dramatically to $X in 2022. Overall, exports recorded a abrupt slump. The growth pace was the most rapid in 2013 when exports increased by 160% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Djibouti (X units) was the main destination for trailer and semi-trailer exports from Ethiopia, with a 94% share of total exports. Moreover, trailer and semi-trailer exports to Djibouti exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Djibouti stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.2% per year) and Belgium (-18.2% per year).

In value terms, Djibouti ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Ethiopia, comprising 74% of total exports. The second position in the ranking was held by China ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Djibouti totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-16.0% per year) and Belgium (-32.4% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, which is down by -22.3% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 168%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Belgium ($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 Kenya (+613.1%), while the prices for the other major destinations experienced mixed trend patterns.

Trailer And Semi-Trailer Imports

Imports into Ethiopia

In 2022, imports of cargo trailers and semi-trailers into Ethiopia contracted sharply to X units, falling by -38.7% against the previous year's figure. In general, imports showed a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 337% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer imports declined rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 186%. 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

In 2022, China (X units) constituted the largest supplier of trailer and semi-trailer to Ethiopia, with a 75% share of total imports. Moreover, trailer and semi-trailer imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. The third position in this ranking was taken by Russia (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+47.1% per year) and Russia (+14.4% per year).

In value terms, China ($X) constituted the largest supplier of cargo trailers and semi-trailers to Ethiopia, comprising 39% of total imports. The second position in the ranking was held by Russia ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+13.1% per year) and the United Arab Emirates (-12.3% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 83% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 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 Russia ($X per unit), while the price for South Africa ($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 United Arab Emirates (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform