Azerbaijan - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTyre Price in Azerbaijan - 2023
Contents:
- Tyre Price in Azerbaijan (CIF) - 2022
- Tyre Price in Azerbaijan (FOB) - 2022
- Tyre Imports in Azerbaijan
- Tyre Exports in Azerbaijan
Tyre Price in Azerbaijan (CIF) - 2022
In 2022, the average tyre import price amounted to $46 per unit, increasing by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 13% against the previous year. The import price peaked at $48 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($59 per unit), while the price for Iran ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tyre Price in Azerbaijan (FOB) - 2022
In 2022, the average tyre export price amounted to $257 per unit, dropping by -19.5% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 225% against the previous year. The export price peaked at $729 per unit in 2015; however, from 2016 to 2022, the 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 Belgium ($395 per unit), while the average price for exports to China ($56 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+22.5%), while the prices for the other major destinations experienced a decline.
Tyre Imports in Azerbaijan
In 2022, imports of tyres into Azerbaijan shrank modestly to 2.1M units, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of 2.1M units, leveling off in the following year.
In value terms, tyre imports totaled $96M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Tyre in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.8 | 28.0 | 36.6 | 50.8 | 14.5% |
| Turkey | 8.4 | 8.5 | 13.0 | 17.9 | 28.7% |
| Russia | 7.9 | 8.3 | 8.0 | 7.0 | -4.0% |
| South Korea | 0.6 | 0.8 | 1.3 | 3.9 | 86.6% |
| Belarus | 2.3 | 2.0 | 2.8 | 2.4 | 1.4% |
| Iran | 0.1 | 0.1 | 0.1 | 0.8 | 100.0% |
| Ukraine | 2.7 | 1.3 | 0.9 | 0.3 | -51.9% |
| United Arab Emirates | 9.1 | 8.5 | 6.1 | N/A | -18.1% |
| Others | 14.6 | 11.2 | 17.1 | 13.1 | -3.5% |
| Total | 79.5 | 68.8 | 85.9 | 96.3 | 6.6% |
Top Suppliers of Tyre to Azerbaijan in 2022:
- China (1295.4K units)
- Turkey (354.8K units)
- Russia (118.4K units)
- South Korea (95.0K units)
- Belarus (55.1K units)
- Iran (46.9K units)
- Ukraine (8.0K units)
Tyre Exports in Azerbaijan
In 2022, the amount of tyres exported from Azerbaijan skyrocketed to 197 units, rising by 405% on 2021. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 839%. As a result, the exports attained the peak of 1.1K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tyre exports skyrocketed to $51K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 310% against the previous year. As a result, the exports reached the peak of $110K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Tyre in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 12.3 | 96.8 | 6.1 | 32.7 | 38.5% |
| Belgium | 2.0 | 2.7 | 2.5 | 13.8 | 90.4% |
| China | N/A | 2.1 | N/A | 1.6 | -12.7% |
| Uzbekistan | N/A | N/A | N/A | 1.3 | 0% |
| Russia | N/A | N/A | N/A | 1.2 | 0% |
| Others | 12.6 | 8.3 | 3.9 | N/A | -44.4% |
| Total | 26.8 | 110 | 12.5 | 50.7 | 23.7% |
Top Export Markets for Tyre from Azerbaijan in 2022:
- Georgia (124.0 units)
- Belgium (35.0 units)
- China (29.0 units)
- Uzbekistan (6.0 units)
- Russia (3.0 units)
This report provides an in-depth analysis of the tyre 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
- Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
- Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
- Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber
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
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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
-
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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