Price for Turbines; Steam and Other Vapour Turbines in Azerbaijan - 2024

Contents:

  1. Price for Turbines; Steam and Other Vapour Turbines in Azerbaijan (CIF) - 2022
  2. Imports of Turbines; Steam and Other Vapour Turbines in Azerbaijan

Price for Turbines; Steam and Other Vapour Turbines in Azerbaijan (CIF) - 2022

In 2022, the average import price for turbines; steam and other vapour turbineses amounted to $148 thousand per unit, increasing by 434% against the previous year. In general, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8,738% against the previous year. As a result, import price reached the peak level of $1 million per unit. From 2014 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 China ($599 thousand per unit), while the price for the United States ($238 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+159.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Turbines; Steam and Other Vapour Turbines in Azerbaijan

In 2022, overseas purchases of turbines; steam and other vapour turbineses increased by 33% to 8 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a dramatic contraction. Imports peaked at 17 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of turbines; steam and other vapour turbineses soared to $1.2M in 2022. In general, imports, however, recorded a precipitous setback. Imports peaked at $9.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Turbines; Steam and Other Vapour Turbines in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,568391N/A599-38.4%
Germany22.2134N/A480178.6%
Japan4,893N/AN/A64.3-76.4%
Netherlands47.7N/AN/A36.5-8.5%
TurkeyN/A1.5N/A2.221.1%
United KingdomN/AN/AN/A1.60%
South KoreaN/A3.8N/A0.5-63.7%
United States38.831.512.30.2-82.7%
Russia115203153N/A15.3%
France34.3212N/AN/A518.1%
Czech Republic2,005N/AN/AN/A0%
Italy5.01.4N/AN/A-72.0%
CanadaN/AN/AN/AN/A0%
Others0.81641.5N/A36.9%
Total9,7301,1431661,185-50.4%

Top Suppliers of Turbines; Steam and Other Vapour Turbines to Azerbaijan in 2022:

  1. Turkey (1.0 units)
  2. United States (1.0 units)
  3. Netherlands (1.0 units)
  4. United Kingdom (1.0 units)
  5. Germany (1.0 units)
  6. Japan (1.0 units)
  7. China (1.0 units)
  8. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform

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