Price for Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $12,795 per ton, rising by 15% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machinery; parts of the machinery of heading no. 8427 increased by +41.2% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 82% against the previous year. Over the period under review, average import prices hit record highs at $16,673 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 Italy ($24,400 per ton), while the price for France ($6,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $61,613 per ton in 2022, increasing by 574% against the previous year. In general, the export price recorded a strong increase. The growth pace was the most rapid in 2018 an increase of 940%. As a result, the export price attained the peak level of $86,650 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to +57.8% per year.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan
Imports of machinery; parts of the machinery of heading no. 8427 into Azerbaijan surged to 37 tons in 2022, with an increase of 16% against the previous year's figure. In general, imports, however, saw a noticeable descent.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $476K in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 62.9 | 85.6 | 119 | 122 | 24.7% |
| Germany | 55.0 | 59.2 | 53.3 | 91.0 | 18.3% |
| China | 53.7 | 78.5 | 48.1 | 72.7 | 10.6% |
| Brazil | N/A | N/A | N/A | 41.0 | 0% |
| Italy | 39.0 | 32.5 | 23.6 | 22.7 | -16.5% |
| France | 7.2 | 3.3 | 13.0 | 16.7 | 32.4% |
| United Kingdom | 34.3 | 6.7 | 8.6 | 13.2 | -27.3% |
| Others | 139 | 54.6 | 92.4 | 96.9 | -11.3% |
| Total | 391 | 320 | 358 | 476 | 6.8% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Azerbaijan in 2022:
- Turkey (11.8 tons)
- China (11.6 tons)
- Germany (4.3 tons)
- France (2.7 tons)
- Brazil (1.9 tons)
- United Kingdom (1.0 tons)
- Italy (0.9 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan
In 2022, approx. 331 kg of machinery; parts of the machinery of heading no. 8427 were exported from Azerbaijan; which is down by -71.8% on 2021. Over the period under review, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 566% against the previous year. As a result, the exports reached the peak of 1.2 tons, and then fell remarkably in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 soared to $20K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 178%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 20.1 | 0% |
| Belgium | N/A | N/A | 0.5 | N/A | 0% |
| United Kingdom | 7.2 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 3.9 | 10.2 | N/A | 161.5% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 7.2 | 3.9 | 10.7 | 20.4 | 41.5% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Azerbaijan in 2022:
- Russia (329.0 kg)
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