Ethiopia: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Ethiopia

The Ethiopian personal weighing machine market dropped to $X in 2022, waning by -8.1% 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, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Personal Weighing Machine Exports

Exports from Ethiopia

In 2022, personal weighing machine exports from Ethiopia was estimated at X units, surging by 15% compared with the previous year's figure. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 873% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, personal weighing machine exports surged to $X in 2022. Overall, exports recorded strong growth. The growth pace was the most rapid in 2018 when exports increased by 887%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for personal weighing machine exports from Ethiopia, with a 28% share of total exports. Moreover, personal weighing machine exports to Germany exceeded the volume sent to the second major destination, Nigeria (X units), twofold. The third position in this ranking was held by Burkina Faso (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+19.6% per year) and Burkina Faso (+14.9% per year).

In value terms, Germany ($X) emerged as the key foreign market for personal weighing machines exports from Ethiopia, comprising 63% of total exports. The second position in the ranking was held by Nigeria ($X), with a 19% share of total exports. It was followed by Burkina Faso, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+71.7% per year) and Burkina Faso (+55.6% per year).

Export Prices by Country

In 2022, the average personal weighing machine export price amounted to $X per unit, jumping by 34% against the previous year. In general, the export price saw a mild expansion. The growth pace was the most rapid in 2013 an increase of 137% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Italy ($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 Nigeria (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Weighing Machine Imports

Imports into Ethiopia

In 2022, the amount of personal weighing machines imported into Ethiopia dropped to X units, with a decrease of -10.5% compared with the previous year. Overall, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2014 with an increase of 513% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, personal weighing machine imports dropped to $X in 2022. In general, imports showed a slight descent. The growth pace was the most rapid in 2014 with an increase of 284%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest personal weighing machine supplier to Ethiopia, with a 74% share of total imports. Moreover, personal weighing machine imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), sevenfold. India (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+9.2% per year) and India (-7.0% per year).

In value terms, China ($X) constituted the largest supplier of personal weighing machines to Ethiopia, comprising 76% of total imports. The second position in the ranking was taken by Denmark ($X), with a 9.9% share of total imports. It was followed by India, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+3.5% per year) and India (-12.2% per year).

Import Prices by Country

The average personal weighing machine import price stood at $X per unit in 2022, rising by 4.7% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Switzerland ($X per unit), while the price for the UK ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform