Price for Tools, Hand; Other than Household Tools in Azerbaijan - 2023
Contents:
- Price for Tools, Hand; Other than Household Tools in Azerbaijan (CIF) - 2023
- Price for Tools, Hand; Other than Household Tools in Azerbaijan (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Azerbaijan
- Exports of Tools, Hand; Other than Household Tools in Azerbaijan
Price for Tools, Hand; Other than Household Tools in Azerbaijan (CIF) - 2023
In November 2023, the average import price for tools, hand; other than household toolses amounted to $4,424 per ton, surging by 2% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 55% against the previous month. As a result, import price reached the peak level of $8,984 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($5,483 per ton), while the price for China totaled $3,007 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.8%).
Price for Tools, Hand; Other than Household Tools in Azerbaijan (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $12,811 per ton, falling by -63.8% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 302% against the previous year. As a result, the export price reached the peak level of $66,475 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($1,291,000 per ton), while the average price for exports to the United Arab Emirates ($5,915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+207.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in overseas purchases of tools, hand; other than household toolses, which decreased by -35.8% to 188 tons in 2022. Overall, imports continue to indicate a abrupt slump. The smallest decline of -3.2% was in 2021.
In value terms, imports of tools, hand; other than household toolses declined modestly to $3.1M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 5.8% against the previous year. As a result, imports attained the peak of $3.2M, and then shrank slightly in the following year.
| Import of Tools, Hand; Other than Household Tools in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,346 | 1,273 | 1,437 | 1,175 | -4.4% |
| Turkey | 654 | 725 | 692 | 656 | 0.1% |
| United Kingdom | 175 | 70.3 | 91.2 | 254 | 13.2% |
| South Africa | N/A | N/A | N/A | 176 | 0% |
| Russia | 91.4 | 44.9 | 90.2 | 97.3 | 2.1% |
| Taiwan (Chinese) | 41.8 | 21.6 | 65.8 | 13.6 | -31.2% |
| United Arab Emirates | 29.9 | 29.9 | 143 | 1.0 | -67.8% |
| Others | 629 | 822 | 640 | 712 | 4.2% |
| Total | 2,968 | 2,986 | 3,159 | 3,085 | 1.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to Azerbaijan in 2022:
- Turkey (129.9 tons)
- China (22.1 tons)
- Russia (17.0 tons)
- South Africa (3.8 tons)
- United Kingdom (3.1 tons)
- Taiwan (Chinese) (1.8 tons)
- United Arab Emirates (0.1 tons)
Exports of Tools, Hand; Other than Household Tools in Azerbaijan
In 2022, shipments abroad of tools, hand; other than household toolses increased by 254% to 3.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a pronounced curtailment.
In value terms, exports of tools, hand; other than household toolses surged to $45K in 2022. In general, exports, however, recorded a sharp shrinkage.
| Export of Tools, Hand; Other than Household Tools in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 16.5 | 0% |
| Singapore | 0.1 | N/A | N/A | 4.8 | 263.4% |
| Saudi Arabia | 36.8 | N/A | N/A | 4.5 | -50.4% |
| Qatar | N/A | 1.1 | N/A | 3.2 | 70.6% |
| United Kingdom | 27.6 | 0.5 | 0.6 | 2.6 | -54.5% |
| Norway | 20.1 | 25.2 | 7.0 | 2.2 | -52.2% |
| Netherlands | 19.1 | 2.4 | 2.0 | 1.1 | -61.4% |
| Turkey | N/A | 0.9 | 2.8 | 0.7 | -11.8% |
| Kazakhstan | 15.9 | 1.6 | N/A | 0.4 | -70.7% |
| Georgia | 2.9 | 0.2 | 0.5 | 0.1 | -67.5% |
| United States | 18.6 | 0.3 | 0.2 | N/A | -89.6% |
| Others | 6.3 | 5.6 | 21.9 | 8.7 | 11.4% |
| Total | 148 | 37.8 | 35.1 | 44.9 | -32.8% |
Top Export Markets for Tools, Hand; Other than Household Tools from Azerbaijan in 2022:
- United Arab Emirates (2792.0 kg)
- United Kingdom (236.0 kg)
- Norway (104.0 kg)
- Singapore (79.0 kg)
- Turkey (78.0 kg)
- Qatar (68.0 kg)
- Netherlands (28.0 kg)
- Saudi Arabia (20.0 kg)
- Kazakhstan (20.0 kg)
- Georgia (16.0 kg)
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