Ethiopia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Ethiopia

The Ethiopian market for diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022, rising by 28% 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). Over the period under review, consumption recorded slight growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Ethiopia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Ethiopia; jumping by 20% against the previous year's figure. Overall, exports showed a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of 167%. Over the period under review, the exports of hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 481%. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Austria (X units) and Germany (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Ethiopia, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Austria ($X) and Germany ($X) were the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Ethiopia worldwide.

Austria, with a CAGR of +45.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, increasing by 266% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 577% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Germany ($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 China (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Ethiopia

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) imported into Ethiopia soared to X units, jumping by 46% against 2021. Over the period under review, imports enjoyed a mild expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 211% against the previous year. Over the period under review, imports of reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) rose notably to $X in 2022. In general, imports saw a measured increase. The pace of growth appeared the most rapid in 2017 when imports increased by 141%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Poland (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Ethiopia, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +57.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Ethiopia were Poland ($X), China ($X) and Austria ($X), with a combined 57% share of total imports. The United Arab Emirates, Germany, Italy, Australia and Japan lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Australia, with a CAGR of +48.3%, recorded the highest growth rate of 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

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, declining by -26.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 78% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, 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 Germany (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform