Ethiopia: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Ethiopia

The Ethiopian market for pulley tackle and hoists powered by an electric motor declined significantly to $X in 2022, waning by -21.6% 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 abrupt setback. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Ethiopia

Exports of pulley tackle and hoists powered by an electric motor from Ethiopia dropped significantly to X units in 2021, waning by -62.5% on the previous year's figure. Overall, exports saw a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 167% against the previous year. Over the period under review, the exports of hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor fell significantly to $X in 2021. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 238% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Israel (X units) and France (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Ethiopia. Moreover, exports of pulley tackle and hoists powered by an electric motor in Israel exceeded the figures recorded by the second-largest exporter, France, twofold.

From 2014 to 2021, the biggest increases were recorded for Israel (with a CAGR of +12.2%).

In value terms, the largest markets for pulley tackle and hoists powered by an electric motor exported from Ethiopia were Israel ($X) and France ($X).

Israel, with a CAGR of +57.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2021, declining by -28% against the previous year. In general, the export price, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 92%. The export price peaked at $X per unit in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Israel amounted to $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+3,910.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Ethiopia

In 2022, the amount of pulley tackle and hoists powered by an electric motor imported into Ethiopia declined significantly to X units, dropping by -25.1% on the previous year's figure. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by 207%. Over the period under review, imports of reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor fell notably to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 155% against the previous year. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Ethiopia, accounting for a 87% share of total imports. It was followed by Sri Lanka (X units), with a 0.8% share of total imports. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-77.1% per year) and Taiwan (Chinese) (-12.9% per year).

In value terms, the United States ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Ethiopia, comprising 98% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.2% share of total imports. It was followed by China, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +74.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-36.3% per year) and China (-40.4% per year).

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, growing by 9.3% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 83%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($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 States (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform