Ethiopia: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Ethiopia

The Ethiopian concrete-mixer lorry market surged to $X in 2022, increasing by 65% 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). Overall, consumption, however, faced a deep reduction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Concrete-Mixer Lorry Exports

Exports from Ethiopia

In 2022, approx. X units of concrete-mixer lorries were exported from Ethiopia; falling by -37.5% on the previous year. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 175%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports declined markedly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 175%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Djibouti (X units), China (X units) and the United Arab Emirates (X units) were the main destinations of concrete-mixer lorry exports from Ethiopia.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.2%), while shipments for the other leaders experienced a decline.

In value terms, Djibouti ($X) emerged as the key foreign market for concrete-mixer lorries exports from Ethiopia, comprising 88% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Djibouti amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+8.1% per year) and the United Arab Emirates (-42.8% per year).

Export Prices by Country

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, surging by 9.1% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Djibouti ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete-Mixer Lorry Imports

Imports into Ethiopia

In 2022, approx. X units of concrete-mixer lorries were imported into Ethiopia; rising by 48% against the previous year. In general, imports, however, faced a deep slump. The growth pace was the most rapid in 2020 when imports increased by 81%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete-mixer lorry imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 177%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of concrete-mixer lorry to Ethiopia, with a 36% share of total imports. Moreover, concrete-mixer lorry imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.3% per year) and Italy (-9.8% per year).

In value terms, Japan ($X), China ($X) and Italy ($X) constituted the largest concrete-mixer lorry suppliers to Ethiopia, together accounting for 73% of total imports. South Korea, Germany, Spain and the United Arab Emirates lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, South Korea, with a CAGR of +23.4%, recorded the highest rates of growth with regard to 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

The average concrete-mixer lorry import price stood at $X per unit in 2022, increasing by 3.5% against the previous year. In general, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 53%. Over the period under review, average import prices attained the maximum at $X per unit 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform