Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan (CIF) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan (CIF) - 2023
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $664 per ton in November 2023, waning by -34% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 34% against the previous month. Over the period under review, average import prices hit record highs at $1,006 per ton in October 2023, and then shrank notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Georgia ($1,226 per ton), while the price for Russia ($342 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belarus (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $723 per ton in 2022, jumping by 20% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 189% against the previous year. The export price peaked at $1,462 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($1,490 per ton), while the average price for exports to the United Arab Emirates stood at $723 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+4.2%).
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan
In 2022, after two years of decline, there was significant growth in purchases abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, when their volume increased by 154% to 374K tons. Over the period under review, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $369M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 100 | 54.1 | 36.1 | 271 | 39.4% |
| Turkmenistan | 48.2 | 18.7 | 5.2 | 57.4 | 6.0% |
| Kazakhstan | N/A | N/A | N/A | 14.6 | 0% |
| Bulgaria | N/A | 2.2 | N/A | 11.8 | 131.6% |
| Romania | 19.9 | 20.6 | 52.6 | 10.6 | -18.9% |
| Others | 2.6 | 3.9 | 21.2 | 3.3 | 8.3% |
| Total | 171 | 99.5 | 115 | 369 | 29.2% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Azerbaijan in 2022:
- Russia (272.4K tons)
- Turkmenistan (51.1K tons)
- Kazakhstan (24.0K tons)
- Bulgaria (10.5K tons)
- Romania (10.4K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s exported from Azerbaijan rose notably to 58K tons, with an increase of 11% against 2021 figures. In general, exports, however, saw a pronounced contraction.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s skyrocketed to $42M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 125%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Arab Emirates | N/A | N/A | 42.2 | 0% | |
| Russia | 1.6 | N/A | N/A | 0% | |
| Greece | 5.1 | N/A | N/A | 0% | |
| Gibraltar | N/A | 13.3 | N/A | 0% | |
| Togo | N/A | 18.5 | N/A | 0% | |
| Libya | 7.4 | N/A | N/A | 0% | |
| Others | N/A | N/A | 0.1 | 0% | |
| Total | 14.1 | 31.8 | 42.3 | 73.2% | |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Azerbaijan in 2022:
- United Arab Emirates (58.3K tons)
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