Plugs and Socket Price in Azerbaijan - 2024
Contents:
- Plugs and Socket Price in Azerbaijan (CIF) - 2022
- Plugs and Socket Price in Azerbaijan (FOB) - 2022
- Plugs and Socket Imports in Azerbaijan
- Plugs and Socket Exports in Azerbaijan
Plugs and Socket Price in Azerbaijan (CIF) - 2022
The average plugs and socket import price stood at $0.1 per unit in 2022, with an increase of 37% against the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 149% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($0.6 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Azerbaijan (FOB) - 2022
The average plugs and socket export price stood at $2.8 per unit in 2022, with a decrease of -44.6% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 102% against the previous year. Over the period under review, the average export prices hit record highs at $6.8 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($11 per unit), while the average price for exports to Georgia ($0.5 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 Mexico (+72.0%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in purchases abroad of electrical plugs and sockets for under 1000 v, which decreased by -20.7% to 69M units in 2022. In general, imports continue to indicate a abrupt curtailment. The smallest decline of -7.6% was in 2020. Over the period under review, imports attained the peak figure at 114M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plugs and socket imports rose rapidly to $6.9M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 3.4 | 2.8 | 2.5 | 0.0% |
| Turkey | 1.5 | 1.4 | 1.9 | 2.0 | 10.1% |
| Italy | 0.3 | 0.4 | 0.7 | 0.7 | 32.6% |
| Others | 1.7 | 1.2 | 1.0 | 1.7 | 0.0% |
| Total | 6.1 | 6.4 | 6.4 | 6.9 | 4.2% |
Top Suppliers of Plugs and Socket to Azerbaijan in 2022:
- China (42.2M units)
- Turkey (23.1M units)
- Italy (1.2M units)
Plugs and Socket Exports in Azerbaijan
In 2022, approx. 13K units of electrical plugs and sockets for under 1000 v were exported from Azerbaijan; waning by -77.9% compared with the previous year's figure. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 227% against the previous year. As a result, the exports attained the peak of 60K units, and then contracted significantly in the following year.
In value terms, plugs and socket exports shrank markedly to $37K in 2022. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 387% against the previous year. As a result, the exports attained the peak of $302K, and then reduced notably in the following year.
| Export of Plugs and Socket in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 27.3 | 27.0 | 169 | 20.7 | -8.8% |
| France | N/A | N/A | N/A | 6.1 | 0% |
| United Kingdom | 5.7 | 11.7 | 36.1 | 3.9 | -11.9% |
| Georgia | N/A | N/A | 3.4 | 2.5 | -26.5% |
| Turkmenistan | N/A | N/A | 0.1 | 1.8 | 1700.0% |
| Kazakhstan | 0.1 | 2.7 | N/A | 0.7 | 91.3% |
| Italy | 1.0 | N/A | N/A | 0.1 | -53.6% |
| Senegal | N/A | N/A | 19.1 | N/A | 0% |
| India | N/A | N/A | 34.2 | N/A | 0% |
| Indonesia | 1.0 | 0.1 | N/A | N/A | -90.0% |
| Singapore | 2.5 | N/A | N/A | N/A | 0% |
| Canada | 1.9 | N/A | 22.1 | N/A | 241.1% |
| Others | 19.8 | 20.6 | 17.8 | 1.0 | -63.0% |
| Total | 59.3 | 62.0 | 302 | 36.9 | -14.6% |
Top Export Markets for Plugs and Socket from Azerbaijan in 2022:
- Georgia (5.1K units)
- Russia (4.3K units)
- United Kingdom (2.2K units)
- Turkmenistan (0.7K units)
- France (0.5K units)
- Kazakhstan (0.3K units)
- Italy (0.1K units)
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