Azerbaijan: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

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

After four years of growth, the Azerbaijani market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% to $X in 2022. Over the period under review, consumption, however, enjoyed a prominent expansion. Consumption of peaked at $X in 2021, and then contracted in the following year.

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

Exports from Azerbaijan

In 2022, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps exported from Azerbaijan soared to X units, jumping by X% on 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Azerbaijan, accounting for a X% share of total exports. It was followed by Russia (X units), with a X% share of total exports. The third position in this ranking was taken by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Belgium (X% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Turkey (X% per year).

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 2022, picking up by X% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Belgium ($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%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

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

Imports into Azerbaijan

After four years of growth, overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% to X units in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then declined significantly in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Azerbaijan, with a X% 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, Ukraine (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Turkey (X% per year).

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Azerbaijan were China ($X), Ukraine ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :