Azerbaijan: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Azerbaijan

The Azerbaijani tow-behind air compressor market skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. Tow-behind air compressor consumption peaked in 2022 and is expected to retain growth in the immediate term.

Tow-Behind Air Compressor Exports

Exports from Azerbaijan

Tow-behind air compressor exports from Azerbaijan skyrocketed to X units in 2022, jumping by X% against the previous year. In general, exports posted a strong increase. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, tow-behind air compressor exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Iran (X units) was the main destination for tow-behind air compressor exports from Azerbaijan, with a X% share of total exports. Moreover, tow-behind air compressor exports to Iran exceeded the volume sent to the second major destination, Georgia (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and the UK (X% per year).

In value terms, Iran ($X) emerged as the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Georgia (X% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Georgia ($X 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 Turkey (X.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Azerbaijan

In 2022, tow-behind air compressor imports into Azerbaijan soared to X units, growing by X% compared with 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tow-behind air compressor imports amounted to $X in 2022. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main tow-behind air compressor supplier to Azerbaijan, accounting for a X% share of total imports. It was followed by Iran (X units), with a X% share of total imports. The third position in this ranking was taken by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Belgium (X% per year).

In value terms, the largest tow-behind air compressor suppliers to Azerbaijan were China ($X), Belgium ($X) and Germany ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price showed a deep slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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