Azerbaijan: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2022

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Azerbaijan

In 2021, the Azerbaijani market for machine-tools for working stone, ceramics, and concrete decreased by -X% to $X, falling for the third consecutive year after five years of growth. Overall, consumption faced a precipitous decrease. Machine tools for working stone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Azerbaijan

In 2021, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Azerbaijan; growing by X% on 2020 figures. Overall, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine tools for working stone exports dropped notably to $X in 2021. Over the period under review, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for machine tools for working stone exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan amounted to -X%.

In value terms, Kazakhstan ($X) also remains the key foreign market for machine tools for working stone exports from Azerbaijan.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at -X%.

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, reducing by -X% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -X% per year.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Azerbaijan

In 2021, overseas purchases of machine-tools for working stone, ceramics, and concrete decreased by -X% to X units, falling for the third year in a row after five years of growth. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, machine tools for working stone imports declined markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Austria (X units) were the main suppliers of machine tools for working stone imports to Azerbaijan, together accounting for X% of total imports. These countries were followed by the Czech Republic, Iran, Germany and Italy, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of machine tools for working stone to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, 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: Italy (+X% per year) and Turkey (-X% per year).

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, growing by X% against the previous year. Overall, the import price showed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform