Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan (CIF) - 2023
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan (CIF) - 2023
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,706 per unit in December 2023, picking up by 63% against the previous month. In general, the import price, however, recorded a slight decline. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 73% m-o-m. Over the period under review, average import prices reached the maximum at $3,295 per unit in December 2022; afterwards, it flattened through to December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($20,843 per unit), while the price for Germany ($885 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $27,589 per unit in 2022, growing by 663% against the previous year. Overall, the export price saw a strong increase. Over the period under review, the average export prices hit record highs at $29,661 per unit in 2020; however, from 2021 to 2022, the 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 Russia ($38,841 per unit), while the average price for exports to Panama ($1,300 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 Germany (+35.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan
Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Azerbaijan soared to 7.8K units in 2022, picking up by 40% against the previous year's figure. In general, imports, however, showed a perceptible setback. Over the period under review, imports of attained the peak figure at 8.7K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $13M in 2022. Over the period under review, imports, however, continue to indicate a precipitous contraction. Over the period under review, imports of reached the maximum at $26M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 2.3 | 4.3 | 4.1 | 4.4% |
| Russia | 1.3 | 0.1 | 0.4 | 3.4 | 37.8% |
| Latvia | N/A | N/A | N/A | 1.6 | 0% |
| China | 0.2 | 0.1 | 0.7 | 1.4 | 91.3% |
| South Korea | 0.2 | 0.4 | 0.5 | 0.6 | 44.2% |
| United Kingdom | 0.3 | 0.3 | 0.1 | 0.5 | 18.6% |
| United States | 17.7 | 0.4 | 0.5 | 0.3 | -74.3% |
| Turkey | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Japan | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 2.7 | 0.3 | 0.3 | 0.5 | -43.0% |
| Total | 26.2 | 4.0 | 6.9 | 12.6 | -21.7% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Azerbaijan in 2022:
- Germany (4460.0 units)
- Latvia (1060.0 units)
- South Korea (585.0 units)
- Russia (526.0 units)
- China (376.0 units)
- United Kingdom (288.0 units)
- Turkey (174.0 units)
- Japan (119.0 units)
- United States (51.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan
In 2022, overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -69.2% to 16 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 230%. Over the period under review, the exports of hit record highs at 52 units in 2021, and then plummeted in the following year.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) soared to $441K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,196%. As a result, the exports attained the peak of $979K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 954 | N/A | 388 | -36.2% |
| Germany | 67.8 | 7.8 | 45.5 | 40.9 | -15.5% |
| Uzbekistan | N/A | N/A | N/A | 9.6 | 0% |
| Panama | N/A | N/A | N/A | 2.6 | 0% |
| Turkmenistan | N/A | N/A | 143 | N/A | 0% |
| Others | 7.7 | 17.4 | N/A | N/A | 126.0% |
| Total | 75.5 | 979 | 188 | 441 | 80.1% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Azerbaijan in 2022:
- Russia (10.0 units)
- Germany (3.0 units)
- Panama (2.0 units)
- Uzbekistan (1.0 units)
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