Report Update Nov 1, 2024

Ethiopia - Steering Wheels, Steering Columns and Steering Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Ethiopia: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Ethiopia

In 2022, after three years of growth, there was significant decline in the Ethiopian steering wheels and columns market, when its value decreased by -14.6% to $X. Over the period under review, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Ethiopia

After three years of growth, overseas shipments of steering wheels, steering columns and steering boxes decreased by -26.8% to X kg in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 191% against the previous year. The exports peaked at X kg in 2021, and then dropped dramatically in the following year.

In value terms, steering wheels and columns exports declined sharply to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 167% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Angola (X kg) was the main destination for steering wheels and columns exports from Ethiopia, accounting for a 96% share of total exports. Moreover, steering wheels and columns exports to Angola exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola stood at +36.8%.

In value terms, Angola ($X) emerged as the key foreign market for steering wheels, steering columns and steering boxes exports from Ethiopia, comprising 91% of total exports. The second position in the ranking was held by Canada ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Angola stood at +28.2%.

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, which is down by -2% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 63% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton 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 Canada ($X per ton), while the average price for exports to Angola stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.1%).

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Ethiopia

In 2022, after three years of growth, there was significant decline in overseas purchases of steering wheels, steering columns and steering boxes, when their volume decreased by -20% to X tons. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 407%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, steering wheels and columns imports contracted to $X in 2022. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2013 when imports increased by 229%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Tunisia (X tons) were the main suppliers of steering wheels and columns imports to Ethiopia, together accounting for 86% of total imports. India and Thailand lagged somewhat behind, together accounting for a further 8.7%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +52.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) constituted the largest supplier of steering wheels, steering columns and steering boxes to Ethiopia, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Tunisia stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.4% per year) and Japan (+14.7% per year).

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, increasing by 12% against the previous year. In general, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tunisia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for steering wheels and columns in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29323067 - Steering wheels, steering columns and steering boxes, parts thereof

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023