Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan - 2024
Contents:
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan (CIF) - 2022
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan (FOB) - 2022
- Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan
- Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan (CIF) - 2022
In 2022, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $0.9 per unit, reducing by -7.6% against the previous year. In general, the import price continues to indicate a sharp downturn. The growth pace was the most rapid in 2015 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $26 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($0.9 per unit), while the price for China ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-16.4%), while the prices for the other major suppliers experienced a decline.
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan (FOB) - 2022
In 2022, the average export price for drawing, marking-out or mathematical calculating instrumentses amounted to $12 per unit, with an increase of 44% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2019 an increase of 68%. As a result, the export price reached the peak level of $29 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($33 per unit), while the average price for exports to Russia ($1 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+10.7%), while the prices for the other major destinations experienced a decline.
Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan
In 2022, approx. 237K units of drawing, marking-out or mathematical calculating instrumentses were imported into Azerbaijan; jumping by 135% compared with 2021. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of drawing, marking-out or mathematical calculating instrumentses skyrocketed to $224K in 2022. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 129 | 74.5 | 61.4 | 160 | 7.4% |
| Turkey | 1.0 | 1.0 | 6.8 | 5.3 | 74.4% |
| Hong Kong SAR | 3.5 | 3.0 | 3.6 | 3.7 | 1.9% |
| Others | 33.8 | 34.3 | 31.4 | 55.2 | 17.8% |
| Total | 168 | 113 | 103 | 224 | 10.1% |
Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Azerbaijan in 2022:
- China (218.3K units)
- Turkey (5.8K units)
- Hong Kong SAR (4.6K units)
Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan
In 2022, the amount of drawing, marking-out or mathematical calculating instrumentses exported from Azerbaijan shrank remarkably to 11 units, dropping by -74.4% against 2021 figures. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 438% against the previous year. As a result, the exports reached the peak of 43 units, and then contracted dramatically in the following year.
In value terms, exports of drawing, marking-out or mathematical calculating instrumentses declined markedly to $136 in 2022. Over the period under review, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 436%. The exports peaked at $522 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Drawing, Marking-Out or Mathematical Calculating Instruments in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 475 | 36.0 | 14.0 | 65.0 | -48.5% |
| Italy | N/A | N/A | N/A | 38.0 | 0% |
| Norway | N/A | N/A | N/A | 17.0 | 0% |
| Georgia | 41.0 | 3.0 | 3.0 | 11.0 | -35.5% |
| Netherlands | 6.0 | 21.0 | 171 | 4.0 | -12.6% |
| Russia | N/A | N/A | 9.0 | 1.0 | -88.9% |
| Others | N/A | 9.0 | 173 | N/A | 1822.2% |
| Total | 522 | 69.0 | 370 | 136 | -36.1% |
Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Azerbaijan in 2022:
- Norway (4.0 units)
- Italy (2.0 units)
- United Kingdom (2.0 units)
- Georgia (1.0 units)
- Netherlands (1.0 units)
- Russia (1.0 units)
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