Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan - 2024
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $33,966 per ton in 2022, which is down by -9.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 82%. Over the period under review, average import prices reached the peak figure at $56,764 per ton in 2016; however, from 2017 to 2022, 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 Croatia ($129,268 per ton), while the price for Turkey ($6,787 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $44,204 per ton, shrinking by -2.6% against the previous year. In general, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 154% against the previous year. Over the period under review, the average export prices attained the peak figure at $146,269 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($173,556 per ton), while the average price for exports to Turkmenistan ($4,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan
In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Azerbaijan soared to 462 tons, rising by 27% against the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% 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 +47.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses skyrocketed to $16M in 2022. Over the period under review, imports, however, saw a mild slump.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | N/A | N/A | 0.3 | 3.1 | 933.3% |
| Singapore | 0.1 | 0.5 | 1.2 | 2.8 | 203.7% |
| United Kingdom | 5.4 | 1.8 | 1.8 | 1.9 | -29.4% |
| United States | 3.0 | 3.3 | 4.5 | 1.7 | -17.2% |
| Romania | 2.7 | 0.5 | 0.2 | 1.3 | -21.6% |
| China | 0.2 | 1.5 | 0.2 | 1.0 | 71.0% |
| Turkey | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Germany | 1.0 | 0.6 | 0.5 | 0.5 | -20.6% |
| Malaysia | 0.5 | 0.1 | 0.2 | 0.4 | -7.2% |
| Norway | 0.7 | 0.8 | 0.5 | 0.4 | -17.0% |
| Russia | 0.1 | 0.1 | 0.4 | 0.3 | 44.2% |
| Italy | 0.3 | 0.8 | 1.4 | 0.1 | -30.7% |
| Netherlands | 0.9 | 0.2 | 1.0 | N/A | 5.4% |
| Others | 1.1 | 2.5 | 0.8 | 1.6 | 13.3% |
| Total | 16.4 | 12.8 | 13.6 | 15.7 | -1.4% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Azerbaijan in 2022:
- China (109.4 tons)
- Turkey (72.0 tons)
- Germany (44.8 tons)
- Romania (40.5 tons)
- Russia (37.6 tons)
- United Kingdom (35.4 tons)
- Croatia (24.1 tons)
- Singapore (23.1 tons)
- United States (18.4 tons)
- Malaysia (14.8 tons)
- Norway (5.2 tons)
- Italy (2.9 tons)
- Netherlands (0.6 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Azerbaijan soared to 42 tons, jumping by 98% compared with the year before. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 755% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses soared to $1.9M in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 165%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | N/A | N/A | 987 | 0% |
| Romania | 17.9 | 9.5 | N/A | 529 | 209.2% |
| Turkey | 90.0 | N/A | N/A | 81.4 | -3.3% |
| Turkmenistan | N/A | 0.9 | N/A | 67.1 | 763.5% |
| United Kingdom | 812 | 15.0 | 4.0 | 59.7 | -58.1% |
| Italy | 0.4 | N/A | 17.9 | 44.0 | 379.1% |
| Russia | 101 | 14.2 | 170 | N/A | 29.7% |
| Denmark | 31.0 | 4.2 | 582 | N/A | 333.3% |
| Others | 509 | 319 | 188 | 82.5 | -45.5% |
| Total | 1,561 | 363 | 961 | 1,850 | 5.8% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Azerbaijan in 2022:
- Iran (15.4 tons)
- Turkmenistan (13.8 tons)
- Romania (4.5 tons)
- United Kingdom (3.6 tons)
- Turkey (2.8 tons)
- Italy (0.6 tons)
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