Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $15,928 per ton, shrinking by -10.8% against the previous year. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in 2019 when the average import price increased by 105%. As a result, import price reached the peak level of $33,972 per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Norway ($63,489 per ton), while the price for Turkey ($6,984 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.2%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan (FOB) - 2022

In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $10,547 per ton, increasing by 9.4% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 462% against the previous year. Over the period under review, the average export prices attained the peak figure at $58,374 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 ($31,560 per ton), while the average price for exports to the United States ($2,033 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+72.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan

In 2022, purchases abroad of machinery; parts of the machinery of heading no. 8425 decreased by -3.3% to 59 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% 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 -23.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 75%. As a result, imports reached the peak of 77 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machinery; parts of the machinery of heading no. 8425 dropped to $947K in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Azerbaijan in 2022:

1. Germany (16.9 tons)
2. United Kingdom (13.0 tons)
3. Turkey (10.8 tons)
4. Netherlands (7.1 tons)
5. China (5.7 tons)
6. Norway (1.6 tons)
7. Russia (1.2 tons)
8. Italy (0.9 tons)
9. United States (0.6 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Azerbaijan

In 2022, overseas shipments of machinery; parts of the machinery of heading no. 8425 increased by 706% to 12 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible shrinkage.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 soared to $128K in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Azerbaijan in 2022:

1. Netherlands (7.4 tons)
2. United Kingdom (2.7 tons)
3. United States (2.0 tons)

Source: IndexBox Market Intelligence Platform