
Azerbaijan - Invalid Carriages Motorised or Mechanically Propelled - Market Analysis, Forecast, Size, Trends and Insights
Azerbaijan: Motorised Invalid Carriage Market 2022
Motorised Invalid Carriage Market Size in Azerbaijan
For the sixth consecutive year, the Azerbaijani motorised invalid carriage market recorded growth in sales value, which increased by 344% to $X in 2021. Overall, consumption enjoyed a significant increase. Motorised invalid carriage consumption peaked in 2021 and is expected to retain growth in the near future.
Motorised Invalid Carriage Exports
Exports from Azerbaijan
In 2019, the amount of invalid carriages motorised or mechanically propelled exported from Azerbaijan stood at X units, standing approx. at the year before. Over the period under review, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorised invalid carriage exports stood at $X in 2019. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Russia (X units) was the main destination for motorised invalid carriage exports from Azerbaijan, with a approx. 100% share of total exports.
From 2017 to 2019, the average annual growth rate of volume to Russia was relatively modest.
From 2017 to 2019, the average annual growth rate of value to Russia was relatively modest.
Export Prices by Country
In 2019, the average motorised invalid carriage export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2017 to 2019, the rate of growth in terms of prices for Belarus amounted to 0.0% per year.
Motorised Invalid Carriage Imports
Imports into Azerbaijan
For the sixth consecutive year, Azerbaijan recorded growth in purchases abroad of invalid carriages motorised or mechanically propelled, which increased by 362% to X units in 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 688%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.
In value terms, motorised invalid carriage imports surged to $X in 2021. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, China (X units) constituted the largest motorised invalid carriage supplier to Azerbaijan, with a 77% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold.
From 2012 to 2021, the average annual growth rate of volume from China totaled +117.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+115.5% per year) and Turkey (+114.3% per year).
In value terms, the largest motorised invalid carriage suppliers to Azerbaijan were China ($X), Germany ($X) and Turkey ($X), with a combined 99% share of total imports.
Turkey, with a CAGR of +156.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average motorised invalid carriage import price stood at $X per unit in 2021, falling by -21.7% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 98% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the motorised invalid carriage 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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