Price for Electric Motors; AC Motors, Single-Phase in Azerbaijan - 2023

Price for Electric Motors; AC Motors, Single-Phase in Azerbaijan (CIF) - 2022

In 2022, the average import price for electric motors; AC motors, single-phases amounted to $25 per unit, which is down by -22.3% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 52% against the previous year. As a result, import price attained the peak level of $290 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($107 per unit), while the price for China ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%), while the prices for the other major suppliers experienced a decline.

Price for Electric Motors; AC Motors, Single-Phase in Azerbaijan (FOB) - 2022

The average export price for electric motors; AC motors, single-phases stood at $6.1 per unit in 2022, falling by -98.9% against the previous year. Overall, the export price faced a sharp decline. The most prominent rate of growth was recorded in 2018 an increase of 705%. As a result, the export price reached the peak level of $6,619 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 Kazakhstan ($445 per unit), while the average price for exports to Russia stood at $0.1 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-9.5%).

Imports of Electric Motors; AC Motors, Single-Phase in Azerbaijan

In 2022, approx. 41K units of electric motors; AC motors, single-phases were imported into Azerbaijan; growing by 53% on the previous year. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric motors; AC motors, single-phase imports soared to $1M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electric Motors; AC Motors, Single-Phase in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	328	317	504	649	25.5%
Russia	16.6	0.3	48.8	108	86.7%
Turkey	135	86.7	41.8	69.3	-19.9%
Germany	44.0	22.6	14.2	36.3	-6.2%
Tunisia	70.1	104	15.3	N/A	-53.3%
Others	301	428	227	146	-21.4%
Total	895	959	851	1,009	4.1%

Top Suppliers of Electric Motors; AC Motors, Single-Phase to Azerbaijan in 2022:

China (37.7K units)
Russia (1.0K units)
Germany (0.6K units)
Turkey (0.4K units)

Exports of Electric Motors; AC Motors, Single-Phase in Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in overseas shipments of electric motors; AC motors, single-phases, which increased by 101,033% to 3K units in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric motors; AC motors, single-phase exports soared to $19K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.