Azerbaijan: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Azerbaijan

The Azerbaijani non-numerically controlled sharpening machine market dropped dramatically to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a noticeable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Azerbaijan

Non-numerically controlled sharpening machine exports from Azerbaijan amounted to X units in 2019, remaining constant against the year before. In general, exports showed a deep contraction. The smallest decline of X% was in 2018. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports soared to $X in 2019. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Russia (X units) and Georgia (X units) were the main destinations of non-numerically controlled sharpening machine exports from Azerbaijan.

From 2017 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2017 to 2019, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Georgia (X% per year).

Export Prices by Country

In 2019, the average non-numerically controlled sharpening machine export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2017 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Azerbaijan

In 2022, non-numerically controlled sharpening machine imports into Azerbaijan shrank dramatically to X units, with a decrease of X% on the previous year's figure. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Taiwan (Chinese) ($X) and Turkey ($X) were the largest non-numerically controlled sharpening machine suppliers to Azerbaijan, together accounting for X% 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 non-numerically controlled sharpening machine import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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