Ethiopia: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Ethiopia

In 2021, after four years of decline, there was significant growth in the Ethiopian electrical circuit apparatus market, when its value increased by X% to $X. In general, consumption saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electrical Circuit Apparatus Exports

Exports from Ethiopia

In 2021, electrical circuit apparatus exports from Ethiopia soared to X units, growing by X% against 2020. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X units) was the main destination for electrical circuit apparatus exports from Ethiopia, with a X% share of total exports. Moreover, electrical circuit apparatus exports to Switzerland exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. South Africa (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and South Africa (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Djibouti ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Circuit Apparatus Imports

Imports into Ethiopia

In 2021, supplies from abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Overall, imports posted a prominent expansion. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electrical circuit apparatus supplier to Ethiopia, with a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and India (X% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, dropping by X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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