Ethiopia: Suspension System Market 2025

Suspension System Market Size in Ethiopia

The Ethiopian suspension system market skyrocketed to $X in 2022, growing by 16% 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 enjoyed a moderate expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Suspension System Exports

Exports from Ethiopia

In 2022, suspension system exports from Ethiopia soared to X kg, increasing by 158% compared with the year before. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 693%. The exports peaked at X kg in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, suspension system exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 892% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for suspension system exports from Ethiopia, with a 97% share of total exports. It was followed by Angola (X kg), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +39.1%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for suspension systems exports from Ethiopia, comprising 92% of total exports. The second position in the ranking was held by Angola ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +48.4%.

Export Prices by Country

The average suspension system export price stood at $X per ton in 2022, shrinking by -15.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+31.9%).

Suspension System Imports

Imports into Ethiopia

In 2022, the amount of suspension systems imported into Ethiopia surged to X tons, picking up by 21% compared with 2021 figures. Over the period under review, imports recorded noticeable growth. The most prominent rate of growth was recorded in 2014 when imports increased by 299% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, suspension system imports rose rapidly to $X in 2022. Overall, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of 213%. 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 tons) constituted the largest supplier of suspension system to Ethiopia, with a 47% share of total imports. Moreover, suspension system imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.3% per year) and Thailand (+11.1% per year).

In value terms, Thailand ($X), China ($X) and India ($X) constituted the largest suspension system suppliers to Ethiopia, together accounting for 66% of total imports.

Among the main suppliers, India, with a CAGR of +30.9%, saw the highest rates of growth with regard to 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 suspension system import price amounted to $X per ton, dropping by -7.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 43%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform