Azerbaijan: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Azerbaijan

The Azerbaijani feedstuff preparing machinery market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Feedstuff Preparing Machinery Production in Azerbaijan

In value terms, feedstuff preparing machinery production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Feedstuff preparing machinery production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports from Azerbaijan

Feedstuff preparing machinery exports from Azerbaijan soared to X units in 2022, growing by X% on the previous year. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, feedstuff preparing machinery exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for feedstuff preparing machinery exports from Azerbaijan, accounting for a X% share of total exports. Moreover, feedstuff preparing machinery exports to Russia exceeded the volume sent to the second major destination, Georgia (X units), fourfold. Germany (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X) emerged as the key foreign market for machinery for preparing animal feedstuffs exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Georgia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average feedstuff preparing machinery export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 Georgia ($X per unit), while the average price for exports to Kazakhstan ($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 mixed trend patterns.

Feedstuff Preparing Machinery Imports

Imports into Azerbaijan

After three years of growth, purchases abroad of machinery for preparing animal feedstuffs decreased by X% to X units in 2022. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, feedstuff preparing machinery imports contracted markedly to $X in 2022. Overall, imports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the main supplier of feedstuff preparing machinery to Azerbaijan, with a X% share of total imports. It was followed by Israel (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%.

In value terms, Turkey ($X) constituted the largest supplier of machinery for preparing animal feedstuffs to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%.

Import Prices by Country

The average feedstuff preparing machinery import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Source: IndexBox Platform

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