Price for Electrical Insulators of Any Material in Azerbaijan - 2022
Contents:
- Price for Electrical Insulators of Any Material in Azerbaijan (CIF) - 2022
- Price for Electrical Insulators of Any Material in Azerbaijan (FOB) - 2022
- Imports of Electrical Insulators of Any Material in Azerbaijan
- Exports of Electrical Insulators of Any Material in Azerbaijan
Price for Electrical Insulators of Any Material in Azerbaijan (CIF) - 2022
In 2022, the average import price for electrical insulators of any materials amounted to $3 per unit, reducing by -10.4% against the previous year. In general, the import price saw a mild decline. The growth pace was the most rapid in 2020 when the average import price increased by 40%. As a result, import price reached the peak level of $3.6 per unit. From 2021 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 Turkey ($7.2 per unit), while the price for Uzbekistan ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced a decline.
Price for Electrical Insulators of Any Material in Azerbaijan (FOB) - 2022
The average export price for electrical insulators of any materials stood at $198 per unit in 2022, jumping by 2,064% against the previous year. Over the period under review, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +45.8% per year.
Imports of Electrical Insulators of Any Material in Azerbaijan
In 2022, approx. 2.1M units of electrical insulators of any materials were imported into Azerbaijan; rising by 52% against 2021. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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.
In value terms, electrical insulators of any material imports soared to $6.4M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 decreased by -3.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 76%. As a result, imports attained the peak of $6.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Electrical Insulators of Any Material in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.6 | 4.5 | 3.3 | 5.0 | 24.4% |
| Ukraine | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Turkey | 0.5 | 1.3 | 0.8 | 0.2 | -26.3% |
| China | 0.2 | 0.3 | N/A | 0.2 | 0.0% |
| Uzbekistan | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Total | 3.8 | 6.6 | 4.7 | 6.4 | 19.0% |
Top Suppliers of Electrical Insulators of Any Material to Azerbaijan in 2022:
- Russia (1707.1K units)
- Ukraine (190.9K units)
- Uzbekistan (99.4K units)
- China (49.3K units)
- Turkey (25.2K units)
Exports of Electrical Insulators of Any Material in Azerbaijan
In 2022, the amount of electrical insulators of any materials exported from Azerbaijan plummeted to 1 units, declining by -96.4% against the previous year's figure. Over the period under review, exports recorded a significant decline. The smallest decline of -58.8% was in 2021. The exports peaked at 305 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electrical insulators of any material exports reduced dramatically to $153 in 2022. In general, exports continue to indicate a precipitous decline. The exports peaked at $24K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Insulators of Any Material in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Kazakhstan | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Vietnam | 0.5 | N/A | N/A | N/A | 0% |
| Netherlands | 0.2 | 0.1 | N/A | N/A | -50.0% |
| France | N/A | N/A | N/A | N/A | 0% |
| Georgia | 1.5 | 0.4 | 0.2 | N/A | -63.5% |
| Canada | 20.4 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | N/A | 0.2 | 0.0% |
| Total | 23.6 | 0.8 | 0.3 | 0.2 | -79.6% |
Top Export Markets for Electrical Insulators of Any Material from Azerbaijan in 2022:
- France (1.0 units)
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