Price for Household or Laundry-Type Washing Machine in Azerbaijan - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Azerbaijan (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Azerbaijan (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Azerbaijan
- Exports of Household or Laundry-Type Washing Machine in Azerbaijan
Price for Household or Laundry-Type Washing Machine in Azerbaijan (CIF) - 2022
In 2022, the average import price for household or laundry-type washing machines amounted to $343 per unit, rising by 17% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, household or laundry-type washing machine import price increased by +95.5% against 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of 44%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($368 per unit) and Poland ($364 per unit), while the price for Turkey ($266 per unit) and China ($329 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Azerbaijan (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $382 per unit in 2022, jumping by 27% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 1,493%. As a result, the export price reached the peak level of $3,400 per unit. From 2014 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 Georgia ($388 per unit), while the average price for exports to Russia totaled $112 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+17.5%).
Imports of Household or Laundry-Type Washing Machine in Azerbaijan
In 2022, approx. 127K units of household or laundry-type washing machines were imported into Azerbaijan; which is down by -20% on the previous year's figure. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of 158K units, and then declined rapidly in the following year.
In value terms, household or laundry-type washing machine imports contracted to $44M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $46M, and then reduced in the following year.
| Import of Household or Laundry-Type Washing Machine in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 22.9 | 23.4 | 29.8 | 23.5 | 0.9% |
| China | 5.7 | 4.0 | 7.1 | 8.6 | 14.7% |
| Turkey | 7.4 | 5.3 | 4.7 | 6.4 | -4.7% |
| Poland | 0.5 | 0.9 | 1.7 | 1.7 | 50.4% |
| Uzbekistan | 0.6 | 0.5 | 0.6 | 0.5 | -5.9% |
| Others | 3.2 | 2.7 | 2.5 | 2.8 | -4.4% |
| Total | 40.3 | 36.8 | 46.4 | 43.5 | 2.6% |
Top Suppliers of Household or Laundry-Type Washing Machine to Azerbaijan in 2022:
- Russia (64.0K units)
- China (26.0K units)
- Turkey (24.0K units)
- Poland (4.7K units)
- Uzbekistan (1.6K units)
Exports of Household or Laundry-Type Washing Machine in Azerbaijan
In 2022, the amount of household or laundry-type washing machines exported from Azerbaijan surged to 905 units, rising by 304% on the year before. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,079%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, household or laundry-type washing machine exports skyrocketed to $345K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 668% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Household or Laundry-Type Washing Machine in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 0.6 | N/A | 63.5 | 342 | 729.1% |
| Congo | N/A | 7.3 | N/A | N/A | 0% |
| Iraq | 5.6 | N/A | N/A | N/A | 0% |
| Cuba | N/A | N/A | 2.0 | N/A | 0% |
| Others | 1.9 | 1.4 | 1.6 | 3.6 | 23.7% |
| Total | 8.2 | 8.7 | 67.1 | 345 | 247.8% |
Top Export Markets for Household or Laundry-Type Washing Machine from Azerbaijan in 2022:
- Georgia (882.0 units)
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