Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $15,928 per ton, shrinking by -10.8% against the previous year. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in 2019 when the average import price increased by 105%. As a result, import price reached the peak level of $33,972 per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Norway ($63,489 per ton), while the price for Turkey ($6,984 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $10,547 per ton, increasing by 9.4% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 462% against the previous year. Over the period under review, the average export prices attained the peak figure at $58,374 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($31,560 per ton), while the average price for exports to the United States ($2,033 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+72.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan
In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8425 decreased by -3.3% to 59 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 75%. As a result, imports reached the peak of 77 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 dropped to $947K in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 120 | 24.2 | 138 | 306 | 36.6% |
United Kingdom | 120 | 341 | 321 | 220 | 22.4% |
Norway | 39.8 | 17.2 | 22.7 | 102 | 36.8% |
Turkey | 15.6 | 23.4 | 2.1 | 75.5 | 69.2% |
Netherlands | 57.8 | 325 | 50.1 | 62.5 | 2.6% |
China | 12.5 | 8.9 | 151 | 43.9 | 52.0% |
United States | 859 | 296 | 227 | 23.2 | -70.0% |
Russia | 52.0 | 0.4 | 0.1 | 20.0 | -27.3% |
Italy | 151 | 404 | 16.6 | 11.8 | -57.2% |
Ukraine | N/A | 30.7 | N/A | N/A | 0% |
Others | 72.3 | 248 | 168 | 82.3 | 4.4% |
Total | 1,500 | 1,719 | 1,097 | 947 | -14.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Azerbaijan in 2022:
- Germany (16.9 tons)
- United Kingdom (13.0 tons)
- Turkey (10.8 tons)
- Netherlands (7.1 tons)
- China (5.7 tons)
- Norway (1.6 tons)
- Russia (1.2 tons)
- Italy (0.9 tons)
- United States (0.6 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan
In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8425 increased by 706% to 12 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible shrinkage.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $128K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.
Export of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | 45.9 | 1.5 | 85.0 | 36.1% |
Netherlands | N/A | N/A | N/A | 38.2 | 0% |
United States | N/A | N/A | N/A | 4.0 | 0% |
United Arab Emirates | N/A | N/A | 13.0 | N/A | 0% |
Turkmenistan | N/A | 98.4 | N/A | N/A | 0% |
Turkey | 130 | N/A | N/A | N/A | 0% |
Others | N/A | 2.0 | N/A | 0.5 | -50.0% |
Total | 130 | 146 | 14.5 | 128 | -0.5% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Azerbaijan in 2022:
- Netherlands (7.4 tons)
- United Kingdom (2.7 tons)
- United States (2.0 tons)
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