Azerbaijan - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in Azerbaijan - 2023
Contents:
- Gear Box Price in Azerbaijan (CIF) - 2023
- Gear Box Price in Azerbaijan (FOB) - 2022
- Gear Box Imports in Azerbaijan
- Gear Box Exports in Azerbaijan
Gear Box Price in Azerbaijan (CIF) - 2023
In July 2023, the average gear box import price amounted to $2.5 per unit, which is down by -15.6% against the previous month. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in October 2022 an increase of 19% month-to-month. Over the period under review, average import prices attained the peak figure at $4.9 per unit in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($6.9 per unit), while the price for Germany ($2.1 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Gear Box Price in Azerbaijan (FOB) - 2022
The average gear box export price stood at $37 per unit in 2022, picking up by 16% against the previous year. Overall, the export price showed a significant increase. The growth pace was the most rapid in 2021 an increase of 3,374% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($57 per unit), while the average price for exports to Georgia ($5.3 per unit) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+85.8%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in Azerbaijan
In 2022, imports of gear boxes into Azerbaijan stood at 727K units, surging by 5% compared with 2021. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, gear box imports skyrocketed to $7.1M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Gear Box in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,495 | 1,908 | 1,846 | 2,146 | -4.9% |
| China | 494 | 507 | 928 | 1,189 | 34.0% |
| Turkey | 111 | 183 | 250 | 978 | 106.5% |
| Japan | 445 | 353 | 285 | 596 | 10.2% |
| United States | 72.9 | 187 | 357 | 582 | 99.9% |
| Russia | 470 | 333 | 469 | 520 | 3.4% |
| South Korea | 297 | 290 | 353 | 382 | 8.8% |
| United Arab Emirates | 119 | 214 | 1,063 | N/A | 198.9% |
| Others | 381 | 541 | 428 | 709 | 23.0% |
| Total | 4,885 | 4,516 | 5,979 | 7,102 | 13.3% |
Top Suppliers of Gear Box to Azerbaijan in 2022:
- Germany (347.3K units)
- Russia (96.8K units)
- Japan (77.8K units)
- China (59.9K units)
- Turkey (56.9K units)
- South Korea (46.6K units)
- United States (18.4K units)
Gear Box Exports in Azerbaijan
In 2022, shipments abroad of gear boxes increased by 418% to 829 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic setback. The exports peaked at 76K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, gear box exports soared to $31K in 2022. Over the period under review, exports, however, showed a dramatic decline. Over the period under review, the exports reached the maximum at $72K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Gear Box in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | N/A | 23.4 | 0% |
| Kazakhstan | N/A | N/A | N/A | 5.5 | 0% |
| Georgia | N/A | 1.2 | N/A | 1.1 | -4.3% |
| Turkey | N/A | N/A | N/A | 0.5 | 0% |
| Egypt | 36.0 | 3.3 | N/A | N/A | -90.8% |
| Pakistan | 1.4 | N/A | N/A | N/A | 0% |
| Afghanistan | 29.4 | 2.7 | N/A | N/A | -90.8% |
| Others | 5.4 | 0.2 | 5.1 | 0.1 | -73.5% |
| Total | 72.2 | 7.5 | 5.1 | 30.6 | -24.9% |
Top Export Markets for Gear Box from Azerbaijan in 2022:
- Uzbekistan (408.0 units)
- Georgia (207.0 units)
- Kazakhstan (157.0 units)
- Turkey (48.0 units)
This report provides an in-depth analysis of the gear box market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29323033 - Gear boxes and their parts
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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