Ethiopia: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Ethiopia

The Ethiopian non-electric pulley tackle market reduced slightly to $X in 2022, with a decrease of -3.8% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Pulley Tackle Production in Ethiopia

In value terms, non-electric pulley tackle production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 32% against the previous year. Non-electric pulley tackle production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Ethiopia

In 2022, non-electric pulley tackle exports from Ethiopia contracted dramatically to X units, waning by -61.1% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 1,067%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle exports dropped remarkably to $X in 2022. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 829% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units) was the main destination for non-electric pulley tackle exports from Ethiopia, with a 79% share of total exports. Moreover, non-electric pulley tackle exports to South Africa exceeded the volume sent to the second major destination, Djibouti (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (+7.2% per year) and the United Arab Emirates (-20.6% per year).

In value terms, South Africa ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Ethiopia, comprising 77% of total exports. The second position in the ranking was held by Djibouti ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa totaled +95.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (+34.3% per year) and the United Arab Emirates (-8.1% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, picking up by 42% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 1,244%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to South Africa ($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 South Africa (+54.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Ethiopia

In 2022, non-electric pulley tackle imports into Ethiopia contracted remarkably to X units, reducing by -29.3% against the previous year. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 165%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle imports soared to $X in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 162%. Over the period under review, imports attained the peak figure 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 non-electric pulley tackle supplier to Ethiopia, accounting for a 65% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), tenfold. The third position in this ranking was held by Israel (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.4% per year) and Israel (+25.6% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to Ethiopia, comprising 36% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Israel, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.8% per year) and Israel (+37.9% per year).

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, jumping by 64% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 157%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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 the United Arab Emirates ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform