Price for Tractors; (Other than Tractors of Heading No 8709) in Ethiopia - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Ethiopia (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Ethiopia (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Ethiopia
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Ethiopia

Price for Tractors; (Other than Tractors of Heading No 8709) in Ethiopia (CIF) - 2022

In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $20,916 per unit, picking up by 13% against the previous year. In general, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $35,306 per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($57,132 per unit), while the price for Poland ($3,276 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.6%), while the prices for the other major suppliers experienced a decline.

Price for Tractors; (Other than Tractors of Heading No 8709) in Ethiopia (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $31,312 per unit, jumping by 45% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 187%. The export price peaked at $38,345 per unit in 2019; however, from 2020 to 2022, the 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 Djibouti ($61,413 per unit), while the average price for exports to Nigeria ($868 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 the Netherlands (+34.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Ethiopia

After three years of growth, overseas purchases of tractors; (other than tractors of heading no 8709)s decreased by -43.5% to 1.8K units in 2022. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 101%. Over the period under review, imports of attained the maximum at 3.2K units in 2021, and then contracted sharply in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s fell notably to $38M in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 124% against the previous year. Over the period under review, imports of attained the maximum at $59M in 2021, and then plummeted in the following year.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Ethiopia in 2022:

1. Australia (942.0 units)
2. Mexico (147.0 units)
3. China (145.0 units)
4. India (129.0 units)
5. United Kingdom (91.0 units)
6. Brazil (83.0 units)
7. Sweden (63.0 units)
8. Spain (55.0 units)
9. Belarus (50.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Ethiopia

In 2022, the amount of tractors; (other than tractors of heading no 8709)s exported from Ethiopia surged to 6 units, rising by 50% on 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tractors; (other than tractors of heading no 8709)s skyrocketed to $188K in 2022. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 130% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Ethiopia in 2022:

1. Djibouti (2.0 units)
2. Angola (1.0 units)
3. Netherlands (1.0 units)
4. China (1.0 units)
5. Nigeria (1.0 units)

Source: IndexBox Market Intelligence Platform