Price for Clock Movements; Complete and Assembled in Azerbaijan - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Azerbaijan (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Azerbaijan (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Azerbaijan
- Exports of Clock Movements; Complete and Assembled in Azerbaijan
Price for Clock Movements; Complete and Assembled in Azerbaijan (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $2.7 per unit in 2022, with a decrease of -40.2% against the previous year. Overall, the import price continues to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 5,771% against the previous year. Over the period under review, average import prices attained the peak figure at $58 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Turkey ($3.2 per unit), while the price for China stood at $1.3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-16.5%).
Price for Clock Movements; Complete and Assembled in Azerbaijan (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $23 per unit, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2021 to 2022, the rate of growth in terms of prices for Georgia amounted to +2.9% per year.
Imports of Clock Movements; Complete and Assembled in Azerbaijan
In 2022, the amount of clock movements; complete and assembleds imported into Azerbaijan soared to 10K units, jumping by 857% against 2021 figures. In general, imports, however, continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 2,917%. Imports peaked at 23K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, clock movements; complete and assembled imports surged to $28K in 2022. Over the period under review, imports, however, faced a precipitous curtailment. Imports peaked at $173K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.1 | N/A | 0.3 | 24.1 | 522.3% |
| China | 0.3 | N/A | 1.0 | 3.7 | 131.0% |
| Spain | N/A | N/A | 0.1 | N/A | 0% |
| Germany | 162 | 1.8 | 0.2 | N/A | -96.5% |
| United Kingdom | 2.0 | 0.1 | 1.3 | N/A | -19.4% |
| Others | 8.0 | 0.1 | 2.0 | N/A | -50.0% |
| Total | 173 | 2.1 | 4.9 | 27.8 | -45.6% |
Top Suppliers of Clock Movements; Complete and Assembled to Azerbaijan in 2022:
- Turkey (7.5K units)
- China (2.9K units)
Exports of Clock Movements; Complete and Assembled in Azerbaijan
In 2022, the amount of clock movements; complete and assembleds exported from Azerbaijan declined significantly to 10 units, with a decrease of -50% against the previous year. Over the period under review, exports faced a precipitous decline. Over the period under review, the exports attained the maximum at 20 units in 2021, and then declined rapidly in the following year.
In value terms, clock movements; complete and assembled exports contracted remarkably to $225 in 2022. Overall, exports recorded a dramatic descent. Over the period under review, the exports hit record highs at $450 in 2021, and then declined sharply in the following year.
| Export of Clock Movements; Complete and Assembled in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Georgia | 153 | 225 | 47.1% | ||
| Russia | 297 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 450 | 225 | -50.0% | ||
Top Export Markets for Clock Movements; Complete and Assembled from Azerbaijan in 2022:
- Georgia (10.0 units)
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