Azerbaijan: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Azerbaijan

The Azerbaijani injection-moulding machine market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption recorded a significant increase. Injection-moulding machine consumption peaked in 2022 and is expected to retain growth in the near future.

Injection-Moulding Machine Production in Azerbaijan

In value terms, injection-moulding machine production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Injection-moulding machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Injection-Moulding Machine Exports

Exports from Azerbaijan

After two years of growth, shipments abroad of injection-moulding machines for working rubber or plastics decreased by X% to X units in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced dramatically in the following year.

In value terms, injection-moulding machine exports fell remarkably to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Romania (X units) and Russia (X units) were the main destinations of injection-moulding machine exports from Azerbaijan. Moreover, injection-moulding machine exports in Romania exceeded the figures recorded by the second-largest exporter, Russia, twofold.

From 2014 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%).

In value terms, Russia ($X) emerged as the key foreign market for injection-moulding machines for working rubber or plastics exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest.

Export Prices by Country

In 2022, the average injection-moulding machine export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Romania totaled $X per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X.3%).

Injection-Moulding Machine Imports

Imports into Azerbaijan

In 2022, the amount of injection-moulding machines for working rubber or plastics imported into Azerbaijan rose significantly to X units, increasing by X% compared with the previous year. In general, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, injection-moulding machine imports skyrocketed to $X in 2022. Overall, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached 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) constituted the largest injection-moulding machine supplier to Azerbaijan, with a X% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average injection-moulding machine import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 Luxembourg ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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