Azerbaijan: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Azerbaijan

The Azerbaijani market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $X in 2021, remaining constant 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 saw a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Azerbaijan

In 2021, overseas shipments of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -90.2% to X units for the first time since 2013, thus ending a seven-year rising trend. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 82%. The exports peaked at X units in 2020, and then dropped significantly in the following year.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps declined notably to $X in 2021. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 159% against the previous year. Over the period under review, the exports of hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

The UK (X units), Switzerland (X units) and Luxembourg (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Azerbaijan, with a combined 70% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Azerbaijan were Switzerland ($X), the UK ($X) and Kuwait ($X), together accounting for 96% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +96.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, growing by 93% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 125%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Azerbaijan

In 2021, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps imported into Azerbaijan totaled X units, remaining stable against the year before. Overall, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 211% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X in 2021. In general, imports showed strong growth. The growth pace was the most rapid in 2018 when imports increased by 91% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Azerbaijan, accounting for a 51% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was taken by France (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.1% per year) and France (+57.3% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Azerbaijan, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 9.6% share of total imports. It was followed by Ukraine, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.7% per year) and Ukraine (+5.1% per year).

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, approximately reflecting the previous year. In general, the import price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 170%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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