Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan - 2023

Contents:

  1. Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan (CIF) - 2022
  2. Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan (FOB) - 2022
  3. Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan
  4. Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan

Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan (CIF) - 2022

The average import price for electric motors and generators stood at $53 per unit in 2022, falling by -57.2% against the previous year. Over the period under review, the import price faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 85%. Over the period under review, average import prices attained the peak figure at $539 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($627 per unit), while the price for Hungary ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan (FOB) - 2022

In 2022, the average export price for electric motors and generators amounted to $631 per unit, with an increase of 26% against the previous year. Over the period under review, the export price, however, faced a precipitous descent. The growth pace was the most rapid in 2020 an increase of 1,208% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,637 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($831 per unit), while the average price for exports to Russia ($1 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 the United States (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan

In 2022, the amount of electric motors and generators imported into Azerbaijan soared to 16K units, rising by 579% compared with the previous year. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric motors and generators soared to $842K in 2022. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports of attained the peak figure at $1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China86.422.658.457988.5%
Germany17650.121.584.7-21.6%
United States56237.252.430.7-62.1%
Turkey60.451.658.925.0-25.5%
South Korea2.113.712.415.494.3%
Italy13.92.524.912.3-4.0%
Hungary0.61.84.212.1172.2%
Others12947.956.682.3-13.9%
Total1,030227289842-6.5%

Top Suppliers of Electric Motors and Generators; DC, of an Output Not Exceeding 750W to Azerbaijan in 2022:

  1. China (14.2K units)
  2. Hungary (0.7K units)
  3. Germany (0.2K units)
  4. South Korea (0.2K units)
  5. Turkey (0.1K units)
  6. Italy (0.1K units)

Exports of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan

In 2022, the amount of electric motors and generators exported from Azerbaijan shrank dramatically to 8 units, reducing by -55.6% against the previous year's figure. Over the period under review, exports recorded a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 200% against the previous year. Over the period under review, the exports of reached the peak figure at 26 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of electric motors and generators reduced remarkably to $5.1K in 2022. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 408% against the previous year. As a result, the exports attained the peak of $9K, and then contracted sharply in the following year.

Export of Electric Motors and Generators; DC, of an Output Not Exceeding 750W in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A5.00%
GermanyN/AN/AN/A0.10%
RussiaN/AN/AN/AN/A0%
NorwayN/AN/A2.7N/A0%
ChinaN/A0.4N/AN/A0%
United KingdomN/A0.3N/AN/A0%
GeorgiaN/A1.06.3N/A530.0%
Pakistan0.5N/AN/AN/A0%
Ukraine0.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.61.89.05.1104.1%

Top Export Markets for Electric Motors and Generators; DC, of an Output Not Exceeding 750W from Azerbaijan in 2022:

  1. United States (6.0 units)
  2. Germany (1.0 units)
  3. Russia (1.0 units)

Source: IndexBox Market Intelligence Platform

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