Price for Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan - 2024

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan

Price for Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $52,837 per ton in 2022, shrinking by -52% against the previous year. Overall, the import price, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 69% against the previous year. The import price peaked at $113,206 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($111,290 per ton), while the price for the United Arab Emirates ($17,766 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $52,909 per ton in 2022, waning by -69.5% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2017 an increase of 393% against the previous year. As a result, the export price reached the peak level of $462,500 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($120,333 per ton), while the average price for exports to Luxembourg ($13,333 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-9.2%).

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan

In 2022, approx. 16 tons of machines; parts and accessories, of heading no. 8472 were imported into Azerbaijan; rising by 298% compared with the previous year's figure. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; parts and accessories, of heading no. 8472 soared to $828K in 2022. In general, imports, however, saw a relatively flat trend pattern.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany203248154165-6.7%
Mexico25212319.1152-15.5%
Lithuania198211145149-9.0%
Russia3.87.31.3132226.3%
China37.243.820.284.631.5%
Hungary5.925.213.98.814.3%
Austria4.27.30.17.923.4%
United Arab Emirates26.114.11.20.8-68.7%
Others97.610577.91289.5%
Total829785433828-0.0%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Azerbaijan in 2022:

  1. Russia (4.5 tons)
  2. China (3.6 tons)
  3. Germany (3.1 tons)
  4. Mexico (1.7 tons)
  5. Lithuania (1.3 tons)
  6. Austria (0.4 tons)
  7. Hungary (0.1 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan

In 2022, exports of machines; parts and accessories, of heading no. 8472 from Azerbaijan soared to 11 kg, increasing by 83% against the year before. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 500%. As a result, the exports reached the peak of 18 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machines; parts and accessories, of heading no. 8472 shrank sharply to $582 in 2022. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 186%. As a result, the exports reached the peak of $2.5K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Azerbaijan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands8575871,040361-25.0%
United StatesN/AN/AN/A86.00%
GermanyN/AN/AN/A75.00%
LuxembourgN/AN/AN/A40.00%
Brunei DarussalamN/AN/AN/A20.00%
UkraineN/A1,516N/AN/A0%
OthersN/A347N/AN/A0%
Total8572,4501,040582-12.1%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Azerbaijan in 2022:

  1. United States (3.0 kg)
  2. Netherlands (3.0 kg)
  3. Luxembourg (3.0 kg)
  4. Germany (1.0 kg)
  5. Brunei Darussalam (1.0 kg)

Source: IndexBox Market Intelligence Platform

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