Seals; Mechanical Price in Azerbaijan - 2023

Contents:

1. Seals; Mechanical Price in Azerbaijan (CIF) - 2022
2. Seals; Mechanical Price in Azerbaijan (FOB) - 2022
3. Seals; Mechanical Imports in Azerbaijan
4. Seals; Mechanical Exports in Azerbaijan

Seals; Mechanical Price in Azerbaijan (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $7.4 per unit, with a decrease of -35.9% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum at $12 per unit in 2012; however, from 2013 to 2022, import prices stood 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 Romania ($48 per unit), while the price for China ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Azerbaijan (FOB) - 2022

The average seals; mechanical export price stood at $9 per unit in 2022, declining by -5.7% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,437%. As a result, the export price reached the peak level of $59 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($45 per unit), while the average price for exports to Kazakhstan ($4.1 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 Turkmenistan (+307.5%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Azerbaijan

In 2022, approx. 737K units of seals; mechanicals were imported into Azerbaijan; with an increase of 56% compared with 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports totaled $5.4M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Seals; Mechanical to Azerbaijan in 2022:

1. Turkey (324.1K units)
2. Russia (116.1K units)
3. China (92.1K units)
4. Germany (72.0K units)
5. Taiwan (Chinese) (16.5K units)
6. Italy (14.6K units)
7. United States (14.1K units)
8. United Kingdom (13.9K units)
9. United Arab Emirates (1.0K units)

Seals; Mechanical Exports in Azerbaijan

In 2022, after two years of decline, there was significant growth in overseas shipments of seals; mechanicals, when their volume increased by 191% to 693 units. Overall, exports, however, recorded a dramatic slump. Over the period under review, the exports attained the maximum at 4.5K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, seals; mechanical exports skyrocketed to $6.3K in 2022. In general, exports, however, showed a precipitous contraction. Over the period under review, the exports reached the maximum at $128K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Seals; Mechanical from Azerbaijan in 2022:

1. Kazakhstan (342.0 units)
2. Russia (304.0 units)
3. Turkmenistan (29.0 units)
4. Malaysia (17.0 units)

Source: IndexBox Market Intelligence Platform