Key Market Indicators
Ethiopia's import of DC motors is projected to surge to approximately $7.7 million by 2028, up from around $6.6 million in 2023. This marks an average annual growth rate of 2.3%. The nation's demand for DC motors has been on a steady rise, showing an average yearly increase of 3.5% since 2000. Conversely, Ethiopia's export of DC motors is expected to decline significantly. By 2028, exports are forecasted to drop to about $16,700 from roughly $27,000 in 2023. This represents an annual decrease of 7.7% in compound annual growth rate (CAGR). Since 2015, the supply of DC motors from Ethiopia has been on a downward trend, decreasing by an average of 6.3% each year.
