Azerbaijan: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Azerbaijan

In 2022, the Azerbaijani pneumatic linear acting actuator market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted resilient growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Azerbaijan

In 2022, approx. X units of pneumatic linear acting actuators were exported from Azerbaijan; waning by X% on the previous year. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports reduced rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell notably in the following year.

Exports by Country

Luxembourg (X units) was the main destination for pneumatic linear acting actuator exports from Azerbaijan, accounting for a X% share of total exports. Moreover, pneumatic linear acting actuator exports to Luxembourg exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to Luxembourg amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

In value terms, Brazil ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2014 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Azerbaijan

In 2022, purchases abroad of pneumatic linear acting actuators decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports expanded significantly to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pneumatic linear acting actuator to Azerbaijan, with a X% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was held 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, Sweden ($X) constituted the largest supplier of pneumatic linear acting actuators to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Norway ($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 Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, faced a abrupt contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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