Calling a function with arguments using a variable in Microsoft T-SQL script is not working

Question

DECLARE @P1Value varchar(1000) = '2022,2021,2023';
DECLARE @P1valuesrplc nvarchar(1000) = CONCAT('replace(''',   @P1Value,   ''','','','''''','''''')');

EXEC (@P1valuesrplc)

I get this error when calling EXEC:

Parse error at line: 1, column: 9: Incorrect syntax near ''2022,2021,2023''.

but if I manually take the value in @P1valuesrplc and run, it is successful:

select replace('2022,2021,2023',',',''',''')

Output with replacement operation completes successfully

2022','2021','2023

How can I make the exec command work with the value in variable @P1valuesrplc?