Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan - 2024

Contents:

1. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan (CIF) - 2022
2. Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan (FOB) - 2022
3. Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan
4. Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan (CIF) - 2022

In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $23 per unit, with a decrease of -21.9% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2015 an increase of 60%. As a result, import price reached the peak level of $166 per unit. From 2016 to 2022, the average 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 Germany ($523 per unit), while the price for China ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan (FOB) - 2022

The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $815 per unit in 2022, increasing by 231% against the previous year. Over the period under review, the export price recorded a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 550%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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 United States ($1,666 per unit), while the average price for exports to Turkey ($50 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 Kazakhstan (+97.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in supplies from abroad of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion), which increased by 30% to 39K units in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $888K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 80%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Azerbaijan in 2022:

1. China (38.5K units)
2. Turkey (0.2K units)
3. France (0.1K units)

Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Azerbaijan

In 2022, the amount of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) exported from Azerbaijan soared to 9 units, growing by 80% on the previous year. Over the period under review, exports, however, recorded a abrupt decrease. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) reached the maximum at 18 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) skyrocketed to $7.3K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Azerbaijan in 2022:

1. United States (4.0 units)
2. Norway (3.0 units)
3. Turkey (2.0 units)

Source: IndexBox Market Intelligence Platform