Price for Air or Gas Liquefier in Ethiopia - 2022
Contents:
Price for Air or Gas Liquefier in Ethiopia (CIF) - 2022
The average air or gas liquefier import price stood at $601,410 per unit in 2022, with an increase of 305% against the previous year. In general, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,162,251 per unit), while the price for the United Arab Emirates ($74 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Air or Gas Liquefier in Ethiopia
In 2022, after three years of growth, there was significant decline in overseas purchases of machinery for liquefying air or gases, when their volume decreased by -66.7% to 5 units. Overall, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure at 15 units in 2021, and then contracted remarkably in the following year.
In value terms, air or gas liquefier imports skyrocketed to $3M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Air or Gas Liquefier in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 481 | 1,216 | 362 | 1,841 | 56.4% |
| China | 310 | 441 | 1,380 | 1,162 | 55.3% |
| United States | 31.9 | 29.6 | 14.8 | 3.5 | -52.1% |
| United Arab Emirates | 0.6 | 0.6 | 0.3 | 0.1 | -45.0% |
| Hong Kong SAR | N/A | 20.8 | 8.0 | N/A | -61.5% |
| Thailand | 0.2 | 0.3 | 0.2 | N/A | 0.0% |
| New Zealand | N/A | N/A | 399 | N/A | 0% |
| Germany | 21.6 | 0.5 | 21.5 | N/A | -0.2% |
| South Korea | 2.2 | 4.1 | 4.0 | N/A | 34.8% |
| France | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Denmark | N/A | N/A | 10.3 | N/A | 0% |
| Italy | 0.4 | 0.4 | 0.4 | N/A | 0.0% |
| Netherlands | 13.2 | 21.7 | 19.3 | N/A | 20.9% |
| Others | 825 | 1.4 | 6.1 | N/A | -91.4% |
| Total | 1,686 | 1,736 | 2,227 | 3,007 | 21.3% |
Top Suppliers of Air or Gas Liquefier to Ethiopia in 2022:
- India (2.0 units)
- United States (1.0 units)
- United Arab Emirates (1.0 units)
- China (1.0 units)
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