Price for Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan
Price for Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan (CIF) - 2022
The average import price for non-furniture refrigerating or freezing equipment stood at $110 per unit in 2022, with a decrease of -12% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 80%. The import price peaked at $172 per unit in 2017; however, from 2018 to 2022, 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 the Netherlands ($288 per unit), while the price for Austria ($40 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan (FOB) - 2022
In 2022, the average export price for non-furniture refrigerating or freezing equipment amounted to $73 per unit, which is down by -89.3% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 4,292% against the previous year. Over the period under review, the average export prices hit record highs at $16,491 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($190 per unit), while the average price for exports to Iran ($11 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 the United States (+68.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan
In 2022, approx. 195K units of non-furniture refrigerating or freezing equipment were imported into Azerbaijan; with an increase of 34% against the year before. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, non-furniture refrigerating or freezing equipment imports soared to $22M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.8 | 7.3 | 5.4 | 8.3 | 20.0% |
| Italy | 1.3 | 2.7 | 6.1 | 4.8 | 54.6% |
| Austria | N/A | N/A | 1.7 | 2.5 | 47.1% |
| Slovenia | 1.0 | 2.4 | 0.4 | 2.2 | 30.1% |
| France | 1.3 | 0.9 | 1.1 | 1.7 | 9.4% |
| Mexico | 0.7 | 0.4 | 0.3 | 0.5 | -10.6% |
| China | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Russia | 0.3 | 1.2 | 0.9 | 0.4 | 10.1% |
| United States | 1.4 | 0.2 | 1.0 | 0.2 | -47.7% |
| Others | 1.2 | 3.1 | 1.0 | 0.5 | -25.3% |
| Total | 12.4 | 18.6 | 18.3 | 21.6 | 20.3% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Azerbaijan in 2022:
- Turkey (72.3K units)
- Austria (64.1K units)
- Italy (33.1K units)
- Slovenia (9.6K units)
- France (8.4K units)
- China (4.6K units)
- Russia (2.9K units)
- Mexico (2.7K units)
- United States (0.8K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan
In 2022, approx. 1.8K units of non-furniture refrigerating or freezing equipment were exported from Azerbaijan; with an increase of 43% on the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,535% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment exports dropped dramatically to $135K in 2022. Over the period under review, exports, however, saw a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 32%. Over the period under review, the exports attained the peak figure at $879K in 2021, and then dropped dramatically in the following year.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 10.4 | 93.4 | 798.1% |
| Iran | N/A | N/A | N/A | 9.1 | 0% |
| United Kingdom | 101 | 1.6 | N/A | 9.0 | -55.3% |
| Germany | N/A | N/A | 10.2 | 8.4 | -17.6% |
| Kazakhstan | 0.3 | N/A | 2.8 | 7.6 | 193.7% |
| Romania | N/A | N/A | N/A | 4.9 | 0% |
| United States | 482 | 805 | 811 | N/A | 29.7% |
| Others | 29.5 | 3.8 | 44.9 | 2.9 | -53.8% |
| Total | 614 | 810 | 879 | 135 | -39.6% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Azerbaijan in 2022:
- Iran (793.0 units)
- Kazakhstan (561.0 units)
- Russia (492.0 units)
- United Kingdom (162.0 units)
- Germany (81.0 units)
- Romania (36.0 units)
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