Pumps; Parts Thereof Price in Azerbaijan - 2023
Contents:
- Pumps; Parts Thereof Price in Azerbaijan (CIF) - 2023
- Pumps; Parts Thereof Price in Azerbaijan (FOB) - 2022
- Pumps; Parts Thereof Imports in Azerbaijan
- Pumps; Parts Thereof Exports in Azerbaijan
Pumps; Parts Thereof Price in Azerbaijan (CIF) - 2023
The average pumps; parts thereof import price stood at $6,130 per ton in June 2023, waning by -71.7% against the previous month. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 241% against the previous month. Over the period under review, average import prices reached the peak figure at $43,514 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($101K per ton), while the price for China ($2,829 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Azerbaijan (FOB) - 2022
The average pumps; parts thereof export price stood at $14,468 per ton in 2022, waning by -9% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 229% against the previous year. As a result, the export price attained the peak level of $29,262 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($20,977 per ton), while the average price for exports to Moldova ($1,733 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 Turkey (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Azerbaijan
After two years of decline, purchases abroad of pumps; parts thereoves increased by 56% to 1.7K tons in 2022. Overall, imports, however, recorded a abrupt shrinkage.
In value terms, pumps; parts thereof imports fell to $15M in 2022. Over the period under review, imports, however, recorded a drastic downturn.
| Import of Pumps; Parts Thereof in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.9 | 1.8 | 2.1 | 3.4 | -11.5% |
| China | 2.4 | 1.3 | 1.4 | 2.3 | -1.4% |
| Germany | 2.6 | 2.6 | 1.3 | 1.6 | -14.9% |
| Turkey | 0.4 | 0.3 | 0.6 | 1.2 | 44.2% |
| United States | 3.5 | 4.5 | 1.7 | 1.1 | -32.0% |
| South Korea | 1.3 | 1.5 | 3.6 | 0.8 | -14.9% |
| Kazakhstan | 0.1 | N/A | N/A | 0.7 | 91.3% |
| Others | 8.0 | 5.9 | 5.2 | 3.6 | -23.4% |
| Total | 23.3 | 17.9 | 15.9 | 14.8 | -14.0% |
Top Suppliers of Pumps; Parts Thereof to Azerbaijan in 2022:
- Russia (967.6 tons)
- Kazakhstan (356.3 tons)
- China (197.0 tons)
- Turkey (92.6 tons)
- Germany (17.3 tons)
- South Korea (16.0 tons)
- United States (13.2 tons)
Pumps; Parts Thereof Exports in Azerbaijan
In 2022, shipments abroad of pumps; parts thereoves decreased by -15.9% to 9.4 tons, falling for the second consecutive year after two years of growth. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of 23 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, pumps; parts thereof exports fell markedly to $136K in 2022. Over the period under review, exports saw a precipitous descent. The smallest decline of -13.6% was in 2021.
| Export of Pumps; Parts Thereof in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 23.3 | 82.2 | 33.4 | 89.5 | 56.6% |
| Kazakhstan | 24.8 | 5.5 | 1.5 | 21.2 | -5.1% |
| Georgia | N/A | 3.3 | 5.4 | 4.1 | 11.5% |
| Moldova | N/A | N/A | N/A | 1.3 | 0% |
| Norway | 351 | 10.6 | 15.1 | N/A | -79.3% |
| Ukraine | 52.8 | 67.8 | 30.7 | N/A | -23.7% |
| Others | 28.4 | 35.9 | 91.1 | 19.5 | -11.8% |
| Total | 481 | 205 | 177 | 136 | -34.4% |
Top Export Markets for Pumps; Parts Thereof from Azerbaijan in 2022:
- Russia (7.2 tons)
- Kazakhstan (1.0 tons)
- Moldova (0.8 tons)
- Georgia (0.3 tons)
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