Price for Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan (CIF) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan (FOB) - 2024
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan (CIF) - 2024
The average import price for reciprocating or rotary internal combustion piston engineses stood at $681 per unit in February 2024, falling by -51.7% against the previous month. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 43% against the previous month. As a result, import price reached the peak level of $1,942 per unit. From April 2023 to February 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was the United States ($962 per unit), while the price for China ($190 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan (FOB) - 2024
The average export price for reciprocating or rotary internal combustion piston engineses stood at $2,063 per unit in February 2024, approximately reflecting the previous month. In general, the export price continues to indicate a abrupt contraction. The export price peaked at $8,748 per unit in August 2023; afterwards, it flattened through to February 2024.
As there is only one major export destination, the average price level is determined by prices for Russia.
From March 2023 to February 2024, the rate of growth in terms of prices for Russia amounted to -9.4% per month.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan
In 2022, the amount of reciprocating or rotary internal combustion piston engineses imported into Azerbaijan soared to 41K units, growing by 323% against 2021 figures. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of reciprocating or rotary internal combustion piston engineses skyrocketed to $115M in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | N/A | N/A | 99.6 | 0% |
| Uzbekistan | N/A | N/A | 0.2 | 6.3 | 3050.0% |
| Germany | 4.9 | 4.0 | 5.0 | 4.5 | -2.8% |
| Japan | 0.7 | 0.5 | 0.9 | 2.2 | 46.5% |
| South Korea | 0.8 | 0.7 | 0.6 | 0.9 | 4.0% |
| Russia | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| China | 0.1 | 0.3 | 0.1 | 0.3 | 44.2% |
| Others | 0.8 | 0.2 | 0.4 | 0.9 | 4.0% |
| Total | 7.5 | 5.8 | 7.5 | 115 | 148.4% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Azerbaijan in 2022:
- Finland (22.1K units)
- Uzbekistan (7.1K units)
- Germany (5.6K units)
- Japan (2.5K units)
- Russia (1.3K units)
- South Korea (1.0K units)
- China (0.9K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan
In 2022, overseas shipments of reciprocating or rotary internal combustion piston engineses decreased by 0% to 260 units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 150% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of reciprocating or rotary internal combustion piston engineses totaled $705K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,560%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 647 | 0% |
| Uzbekistan | N/A | N/A | N/A | 56.9 | 0% |
| Congo | N/A | 148 | N/A | N/A | 0% |
| Others | 4.0 | N/A | N/A | 0.6 | -46.9% |
| Total | 4.0 | 148 | N/A | 705 | 460.7% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Azerbaijan in 2022:
- Russia (249.0 units)
- Uzbekistan (10.0 units)
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