Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan - 2024
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan (FOB) - 2022
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan (CIF) - 2022
The average import price for turbo-jets, turbo-propellers and other gas turbineses stood at $696 thousand per unit in 2022, jumping by 200% against the previous year. Overall, the import price continues to indicate a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($1.4 million per unit), while the price for Australia ($715 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan (FOB) - 2022
In 2022, the average export price for turbo-jets, turbo-propellers and other gas turbineses amounted to $108 thousand per unit, jumping by 135% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 391%. The export price peaked at $202 thousand per unit in 2015; however, from 2016 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 Malaysia ($1.7 million per unit), while the average price for exports to the United Arab Emirates ($1 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+155.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan
After three years of growth, overseas purchases of turbo-jets, turbo-propellers and other gas turbineses decreased by -78.6% to 41 units in 2022. In general, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 170% against the previous year. Imports peaked at 192 units in 2021, and then shrank rapidly in the following year.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses declined remarkably to $29M in 2022. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2020 when imports increased by 258% against the previous year. As a result, imports reached the peak of $70M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 34.9 | 16.0 | 17.8 | 35.8% |
| Russia | 3.5 | 3.1 | 6.3 | 7.0 | 26.0% |
| France | 0.1 | N/A | N/A | 1.5 | 146.6% |
| Canada | N/A | N/A | N/A | 1.2 | 0% |
| United Kingdom | 8.7 | 19.5 | 0.4 | 0.7 | -56.8% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| China | N/A | 1.5 | 0.5 | 0.1 | -74.2% |
| South Korea | N/A | 0.1 | N/A | N/A | 0% |
| Hungary | N/A | 0.2 | 0.5 | N/A | 150.0% |
| Germany | 0.1 | 4.9 | N/A | N/A | 4800.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Italy | 0.1 | 0.3 | N/A | N/A | 200.0% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.3 | 6.0 | 20.8 | 0.2 | -12.6% |
| Total | 19.7 | 70.5 | 44.6 | 28.5 | 13.1% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Azerbaijan in 2022:
- United States (13.0 units)
- Russia (11.0 units)
- France (2.0 units)
- United Kingdom (2.0 units)
- Canada (1.0 units)
- Australia (1.0 units)
- Italy (1.0 units)
- Taiwan (Chinese) (1.0 units)
- India (1.0 units)
- China (1.0 units)
- Germany (1.0 units)
- Hungary (1.0 units)
- South Korea (1.0 units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan
In 2022, after two years of decline, there was significant growth in shipments abroad of turbo-jets, turbo-propellers and other gas turbineses, when their volume increased by 336% to 109 units. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses soared to $12M in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.6 | N/A | N/A | 5,000 | 1927.4% |
| Russia | 657 | 141 | 542 | 3,125 | 68.2% |
| United States | 917 | 2,610 | 478 | 2,439 | 38.6% |
| United Kingdom | 19.8 | 3.2 | 2.9 | 137 | 90.6% |
| Luxembourg | 3.5 | 302 | 21.0 | 34.3 | 114.0% |
| United Arab Emirates | 398 | 20.0 | 0.5 | 1.0 | -86.4% |
| Others | 128 | 19.3 | 109 | 1,056 | 102.1% |
| Total | 2,124 | 3,095 | 1,152 | 11,793 | 77.1% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Azerbaijan in 2022:
- Russia (85.0 units)
- United States (12.0 units)
- Malaysia (3.0 units)
- United Kingdom (2.0 units)
- United Arab Emirates (1.0 units)
- Luxembourg (1.0 units)
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