Price for Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan
Price for Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan (CIF) - 2022
The average import price for electric motors stood at $94 per unit in 2022, rising by 16% against the previous year. In general, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 171%. As a result, import price attained the peak level of $402 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
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 Germany ($156 per unit), while the price for Iran ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan (FOB) - 2022
The average export price for electric motors stood at $162 per unit in 2022, with a decrease of -71.4% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2021 an increase of 1,013%. Over the period under review, the average export prices hit record highs at $1,015 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($210 per unit), while the average price for exports to Turkey ($91 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 the United States (+0.5%), while the prices for the other major destinations experienced a decline.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan
In 2022, approx. 28K units of electric motors were imported into Azerbaijan; rising by 31% compared with 2021. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors skyrocketed to $2.7M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 109 | 112 | 115 | 681 | 84.2% |
| China | 640 | 328 | 499 | 537 | -5.7% |
| Germany | 206 | 243 | 130 | 381 | 22.7% |
| Turkey | 198 | 216 | 223 | 212 | 2.3% |
| Italy | 101 | 124 | 157 | 120 | 5.9% |
| South Korea | 158 | 51.1 | 49.0 | 43.2 | -35.1% |
| Bulgaria | 12.7 | 22.9 | 7.1 | 39.2 | 45.6% |
| Japan | 24.9 | 83.3 | 57.8 | 35.2 | 12.2% |
| Iran | 0.4 | 20.2 | 15.7 | 27.1 | 307.7% |
| Vietnam | 2.6 | 25.2 | 27.2 | 7.4 | 41.7% |
| Others | 552 | 539 | 464 | 568 | 1.0% |
| Total | 2,004 | 1,766 | 1,744 | 2,652 | 9.8% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Azerbaijan in 2022:
- China (6.3K units)
- Switzerland (5.6K units)
- Turkey (4.6K units)
- Germany (2.4K units)
- Bulgaria (2.0K units)
- Italy (1.7K units)
- Iran (1.6K units)
- South Korea (1.5K units)
- Japan (0.4K units)
- Vietnam (0.3K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan
In 2022, overseas shipments of electric motors increased by 19,472% to 4.9K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors soared to $791K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 2.0 | N/A | N/A | 705 | 606.4% |
| Turkey | N/A | N/A | 0.1 | 58.0 | 57900.0% |
| United States | 118 | N/A | N/A | 0.4 | -85.0% |
| Others | 16.8 | 2.6 | 14.0 | 28.4 | 19.1% |
| Total | 137 | 2.6 | 14.2 | 791 | 79.4% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Azerbaijan in 2022:
- Kazakhstan (4.2K units)
- Turkey (0.6K units)
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