Speed Changer Price in Azerbaijan - 2023

Contents:

1. Speed Changer Price in Azerbaijan (CIF) - 2023
2. Speed Changer Price in Azerbaijan (FOB) - 2022
3. Speed Changer Imports in Azerbaijan
4. Speed Changer Exports in Azerbaijan

Speed Changer Price in Azerbaijan (CIF) - 2023

In June 2023, the average speed changer import price amounted to $21,112 per ton, increasing by 12% against the previous month. In general, the import price enjoyed slight growth. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 173% against the previous month. The import price peaked at $32,103 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($136K per ton), while the price for China ($6,077 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 Germany (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Speed Changer Price in Azerbaijan (FOB) - 2022

The average speed changer export price stood at $5,199 per ton in 2022, picking up by 128% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 688% against the previous year. As a result, the export price reached the peak level of $11,276 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($20,048 per ton), while the average price for exports to Kazakhstan ($1,984 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 Poland (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Speed Changer Imports in Azerbaijan

In 2022, after three years of growth, there was significant decline in purchases abroad of speed changers, industrial high-speed drives and gear, when their volume decreased by -19.5% to 473 tons. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 4.8%.

In value terms, speed changer imports declined to $7.9M in 2022. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports attained the peak of $8.8M, and then dropped in the following year.

Top Suppliers of Speed Changer to Azerbaijan in 2022:

1. Russia (145.7 tons)
2. China (131.1 tons)
3. Turkey (81.0 tons)
4. Germany (39.9 tons)
5. Italy (13.7 tons)
6. United States (11.0 tons)
7. South Korea (10.3 tons)
8. United Arab Emirates (0.2 tons)

Speed Changer Exports in Azerbaijan

In 2022, exports of speed changers, industrial high-speed drives and gear from Azerbaijan dropped remarkably to 51 tons, which is down by -60.6% on the previous year's figure. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 134% against the previous year.

In value terms, speed changer exports contracted to $265K in 2022. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, the exports attained the peak of $572K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Speed Changer from Azerbaijan in 2022:

1. Italy (undefined tons)
2. Iran (24.4 tons)
3. Kazakhstan (12.6 tons)
4. Russia (10.6 tons)
5. Norway (1.9 tons)
6. Turkmenistan (0.1 tons)

Source: IndexBox Market Intelligence Platform