Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Azerbaijan - 2024
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Azerbaijan (CIF) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Azerbaijan
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Azerbaijan (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $27,650 per unit, picking up by 13% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 643%. Over the period under review, average import prices attained the maximum at $55,224 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($45,366 per unit), while the price for the United States ($2,144 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Azerbaijan
In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics imported into Azerbaijan dropped to 110 units, with a decrease of -13.4% against 2021 figures. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 452% against the previous year. As a result, imports reached the peak of 127 units, and then shrank in the following year.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics contracted notably to $1.9M in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 631% against the previous year. As a result, imports attained the peak of $3.1M, and then dropped notably in the following year.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 902 | 143 | 1,631 | 1,197 | 9.9% |
| China | 56.3 | 255 | 1,462 | 544 | 113.0% |
| Italy | 0.7 | 14.1 | 21.1 | 21.1 | 211.2% |
| Switzerland | N/A | N/A | N/A | 17.3 | 0% |
| Germany | N/A | 1.4 | N/A | 13.9 | 215.1% |
| France | N/A | 5.3 | N/A | 10.3 | 39.4% |
| United States | 1.0 | N/A | N/A | 6.4 | 85.7% |
| Others | 11.2 | 7.9 | 5.0 | 69.6 | 83.9% |
| Total | 971 | 427 | 3,119 | 1,880 | 24.6% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Azerbaijan in 2022:
- Turkey (77.0 units)
- China (12.0 units)
- Switzerland (7.0 units)
- Germany (4.0 units)
- United States (3.0 units)
- Italy (2.0 units)
- France (2.0 units)
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