Azerbaijan - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Conveyor or Transmission Belt in Azerbaijan - 2023
Contents:
- Price for Conveyor or Transmission Belt in Azerbaijan (CIF) - 2022
- Price for Conveyor or Transmission Belt in Azerbaijan (FOB) - 2022
- Imports of Conveyor or Transmission Belt in Azerbaijan
- Exports of Conveyor or Transmission Belt in Azerbaijan
Price for Conveyor or Transmission Belt in Azerbaijan (CIF) - 2022
In 2022, the average conveyor or transmission belt import price amounted to $6,718 per ton, picking up by 2.9% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, conveyor or transmission belt import price increased by +41.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $8,842 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($43,536 per ton), while the price for Turkey ($3,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Conveyor or Transmission Belt in Azerbaijan (FOB) - 2022
The average conveyor or transmission belt export price stood at $10,545 per ton in 2022, falling by -47.3% against the previous year. Overall, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 964%. Over the period under review, the average export prices hit record highs at $65,348 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +20.4% per year.
Imports of Conveyor or Transmission Belt in Azerbaijan
In 2022, after three years of growth, there was significant decline in supplies from abroad of conveyor or transmission belts or belting, when their volume decreased by -6.2% to 799 tons. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.5%. As a result, imports attained the peak of 851 tons, and then reduced in the following year.
In value terms, conveyor or transmission belt imports fell modestly to $5.4M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $5.6M, and then contracted slightly in the following year.
| Import of Conveyor or Transmission Belt in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 879 | 788 | 1,207 | 1,137 | 9.0% |
| China | 870 | 753 | 926 | 873 | 0.1% |
| United Arab Emirates | 350 | 875 | 770 | 725 | 27.5% |
| Russia | 396 | 415 | 488 | 460 | 5.1% |
| Poland | 105 | 80.9 | 161 | 151 | 12.9% |
| Others | 1,926 | 1,566 | 2,005 | 2,019 | 1.6% |
| Total | 4,525 | 4,477 | 5,557 | 5,366 | 5.8% |
Top Suppliers of Conveyor or Transmission Belt to Azerbaijan in 2022:
- Turkey (337.0 tons)
- China (226.3 tons)
- United Arab Emirates (79.4 tons)
- Russia (76.2 tons)
- Poland (12.1 tons)
Exports of Conveyor or Transmission Belt in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in overseas shipments of conveyor or transmission belts or belting, which increased by 72% to 3.5 tons in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,196% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, conveyor or transmission belt exports shrank to $37K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 421% against the previous year.
| Export of Conveyor or Transmission Belt in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.7 | 0.2 | 0.2 | 36.8 | 274.6% |
| Belgium | N/A | 9.5 | N/A | N/A | 0% |
| Germany | N/A | N/A | 15.8 | N/A | 0% |
| Georgia | N/A | 0.3 | 22.4 | N/A | 7366.7% |
| Others | 1.2 | 0.3 | 2.3 | N/A | 38.4% |
| Total | 2.0 | 10.2 | 40.7 | 36.8 | 164.0% |
Top Export Markets for Conveyor or Transmission Belt from Azerbaijan in 2022:
- United Kingdom (3.5 tons)
This report provides an in-depth analysis of the market for conveyor or transmission belt 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 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
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.
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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
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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
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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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In 2016, the amount of conveyor belt imported worldwide amounted to X tons, going down by -X% against the previous year figure. In general, conveyor belt imports continue to indicate a relativ...
2396
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In 2016, the amount of conveyor belt imported worldwide amounted to X tons, going down by -X% against the previous year figure. In general, conveyor belt imports continue to indicate a relativ...
2396
In 2016, the amount of conveyor belt imported worldwide amounted to X tons, going down by -X% against the previous year figure. In general, conveyor belt imports continue to indicate a relativ...
1244
The global trade in conveyor or transmission belts or belting amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by recovery over the next two years, unti
1875
TGW, a global leading manufacturer of dynamic automated logistics solutions for warehousing, production, order picking and distribution, has opened a manufacturing site in Changzhou, China.
