Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan (CIF) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan (FOB) - 2024
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan (CIF) - 2024
In February 2024, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $121K per unit, with an increase of 13% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in December 2023 an increase of 14% against the previous month. As a result, import price reached the peak level of $125K per unit; afterwards, it flattened through to February 2024.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($314K per unit), while the price for Canada ($12,100 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the UK (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan (FOB) - 2024
In February 2024, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $111K per unit, declining by -35.1% against the previous month. Over the period under review, export price indicated modest growth from February 2023 to February 2024: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs decreased by -35.1% against January 2024 indices. The growth pace was the most rapid in December 2023 when the average export price increased by 48% month-to-month. The export price peaked at $171K per unit in January 2024, and then declined dramatically in the following month.
There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was the United Arab Emirates ($675K per unit), while the average price for exports to Kyrgyzstan ($92,548 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan
In 2022, approx. 669 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Azerbaijan; surging by 36% on 2021 figures. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs soared to $69M in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.1 | 7.1 | 16.6 | 22.0 | 25.6% |
| United Kingdom | 12.1 | 5.0 | 3.0 | 18.6 | 15.4% |
| Germany | 26.9 | 10.5 | 7.7 | 16.8 | -14.5% |
| United States | 2.6 | 4.9 | 7.4 | 5.5 | 28.4% |
| Austria | 10.7 | 9.9 | 1.8 | 3.0 | -34.5% |
| Slovakia | 0.7 | 1.5 | 0.8 | 1.1 | 16.3% |
| South Korea | 0.6 | 0.4 | 0.3 | 0.3 | -20.6% |
| Others | 2.6 | 1.5 | 1.0 | 1.4 | -18.6% |
| Total | 67.4 | 40.8 | 38.7 | 68.8 | 0.7% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Azerbaijan in 2022:
- Japan (323.0 units)
- United Kingdom (132.0 units)
- Germany (101.0 units)
- United States (64.0 units)
- Austria (20.0 units)
- Slovakia (11.0 units)
- South Korea (4.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan
In 2022, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs from Azerbaijan soared to 104 units, jumping by 333% compared with 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 380% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs soared to $9.4M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,076%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 6,574 | 0% |
| Russia | 117 | N/A | 28.0 | 1,423 | 130.0% |
| United Arab Emirates | 436 | 150 | 825 | 1,124 | 37.1% |
| Georgia | 37.9 | 20.0 | 300 | 236 | 84.0% |
| Germany | 527 | N/A | 919 | N/A | 32.1% |
| Qatar | N/A | N/A | 441 | N/A | 0% |
| Ukraine | 18.0 | 44.1 | N/A | N/A | 145.0% |
| Others | 188 | N/A | 6.0 | N/A | -82.1% |
| Total | 1,323 | 214 | 2,518 | 9,357 | 92.0% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Azerbaijan in 2022:
- Kazakhstan (76.0 units)
- Russia (18.0 units)
- United Arab Emirates (6.0 units)
- Georgia (4.0 units)
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