Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Azerbaijan - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Azerbaijan (CIF) - 2023
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Azerbaijan
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Azerbaijan (CIF) - 2023
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $6,131 per unit in November 2023, with an increase of 108% against the previous month. In general, the import price, however, showed a perceptible contraction. The growth pace was the most rapid in March 2023 an increase of 200% against the previous month. Over the period under review, average import prices hit record highs at $8,089 per unit in December 2022; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($11,200 per unit), while the price for Thailand ($5,000 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Azerbaijan
In 2022, after three years of growth, there was significant decline in supplies from abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, when their volume decreased by -39.8% to 265 units. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 205%. Imports peaked at 440 units in 2021, and then declined remarkably in the following year.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs shrank notably to $1.3M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports attained the peak of $2.2M, and then fell notably in the following year.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.1 | 46.4 | 293 | 323 | 115.9% |
| South Korea | 5.5 | 6.4 | 7.0 | 279 | 270.2% |
| United States | 95.4 | 284 | 232 | 235 | 35.1% |
| Germany | 128 | 36.4 | 318 | 200 | 16.0% |
| Mexico | 9.7 | 104 | 169 | 132 | 138.7% |
| Japan | 10.1 | 17.7 | 65.5 | 66.8 | 87.7% |
| India | 27.0 | 75.2 | 146 | 50.0 | 22.8% |
| France | 104 | 31.5 | 4.5 | 13.6 | -49.2% |
| Georgia | 78.1 | 211 | 507 | N/A | 154.8% |
| Saudi Arabia | N/A | 23.3 | N/A | N/A | 0% |
| Others | 278 | 389 | 442 | 37.5 | -48.7% |
| Total | 767 | 1,225 | 2,184 | 1,337 | 20.3% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Azerbaijan in 2022:
- China (102.0 units)
- South Korea (60.0 units)
- Germany (35.0 units)
- United States (32.0 units)
- Japan (14.0 units)
- India (8.0 units)
- Mexico (7.0 units)
- France (3.0 units)
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