Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan - 2023

Contents:

1. Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan (CIF) - 2023
2. Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan (FOB) - 2022
3. Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan
4. Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan

Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan (CIF) - 2023

In November 2023, the average import price for video recording or reproducing apparatus; other than magnetic tape-types amounted to $31.6 per unit, with a decrease of -41.6% against the previous month. In general, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in July 2023 an increase of 990% against the previous month. As a result, import price reached the peak level of $104 per unit. From August 2023 to November 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.3% per month.

Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan (FOB) - 2022

The average export price for video recording or reproducing apparatus; other than magnetic tape-types stood at $187 per unit in 2022, waning by -29.9% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 104%. As a result, the export price attained the peak level of $267 per unit, and then contracted sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($312 per unit), while the average price for exports to Iran ($13 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 Russia (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan

In 2022, imports of video recording or reproducing apparatus; other than magnetic tape-types into Azerbaijan expanded slightly to 58K units, surging by 2.1% on the previous year's figure. In general, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. Imports peaked at 61K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of video recording or reproducing apparatus; other than magnetic tape-types reduced to $3.2M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports attained the peak of $3.6M, and then fell in the following year.

Top Suppliers of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type to Azerbaijan in 2022:

1. China (57.1K units)

Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Azerbaijan

In 2022, exports of video recording or reproducing apparatus; other than magnetic tape-types from Azerbaijan soared to 247 units, rising by 274% compared with the year before. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 408% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of video recording or reproducing apparatus; other than magnetic tape-types soared to $46K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 934% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type from Azerbaijan in 2022:

1. Netherlands (142.0 units)
2. United Kingdom (97.0 units)
3. Georgia (3.0 units)
4. Turkey (1.0 units)

Source: IndexBox Market Intelligence Platform