Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan - 2024
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $47 per thousand units, jumping by 17% against the previous year. Over the period under review, the import price posted a prominent increase. The growth pace was the most rapid in 2015 an increase of 124%. As a result, import price reached the peak level of $81 per thousand units. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($194 per thousand units), while the price for China ($31 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.6 per unit in 2022, jumping by 102% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 103%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($31 per unit), while the average price for exports to Turkey ($0.1 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 Brazil (+8,466.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan
Imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment into Azerbaijan skyrocketed to 319M units in 2022, surging by 15% on 2021 figures. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $15M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.6 | 3.8 | 3.3 | 5.0 | 24.4% |
| China | 1.3 | 2.4 | 2.4 | 3.3 | 36.4% |
| Italy | 0.8 | 0.9 | 0.4 | 1.8 | 31.0% |
| United Kingdom | 0.7 | 0.7 | 1.5 | 1.2 | 19.7% |
| Germany | 1.3 | 0.7 | 0.5 | 0.5 | -27.3% |
| Russia | 0.4 | 0.2 | 1.0 | 0.4 | 0.0% |
| India | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 2.4 | 1.8 | 1.7 | 2.2 | -2.9% |
| Total | 9.6 | 10.6 | 11.0 | 14.8 | 15.5% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Azerbaijan in 2022:
- Turkey (146.7M units)
- China (107.2M units)
- Italy (20.0M units)
- Russia (9.1M units)
- United Kingdom (6.2M units)
- India (5.8M units)
- Germany (3.3M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan
In 2022, after three years of growth, there was significant decline in shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment, when their volume decreased by -72.5% to 307K units. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 155%. As a result, the exports reached the peak of 1.1M units, and then shrank significantly in the following year.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment dropped rapidly to $181K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 129% against the previous year. As a result, the exports attained the peak of $326K, and then contracted rapidly in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.3 | 0.4 | 55.1 | 62.9 | 144.6% |
| United Arab Emirates | N/A | 0.2 | 2.0 | 47.3 | 1437.9% |
| Russia | 19.8 | 49.7 | 29.4 | 27.0 | 10.9% |
| Netherlands | 5.3 | 2.7 | 3.0 | 10.3 | 24.8% |
| Saudi Arabia | N/A | N/A | N/A | 8.4 | 0% |
| Kazakhstan | 8.6 | 7.7 | 27.5 | 7.1 | -6.2% |
| Singapore | N/A | 8.0 | N/A | 3.8 | -31.1% |
| Turkey | N/A | 3.9 | 11.2 | 0.4 | -68.0% |
| Georgia | 22.0 | 0.1 | 1.5 | 0.4 | -73.7% |
| Brazil | N/A | N/A | 114 | 0.1 | -99.9% |
| United States | 0.2 | 62.0 | 65.5 | N/A | 1709.7% |
| France | N/A | 5.3 | 8.9 | N/A | 67.9% |
| Others | 33.4 | 2.5 | 7.4 | 13.1 | -26.8% |
| Total | 93.6 | 143 | 326 | 181 | 24.6% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Azerbaijan in 2022:
- United Kingdom (155.0K units)
- United Arab Emirates (47.4K units)
- Russia (29.1K units)
- Kazakhstan (14.8K units)
- Netherlands (14.2K units)
- Saudi Arabia (10.5K units)
- Singapore (9.5K units)
- Turkey (6.4K units)
- Georgia (3.1K units)
- United States (0.1K units)
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