Azerbaijan: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Azerbaijan

The Azerbaijani pneumatic linear acting actuator market reduced to $X in 2022, dropping by -9.6% 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). Over the period under review, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Azerbaijan

In 2022, exports of pneumatic linear acting actuators from Azerbaijan plummeted to X units, waning by -84% on the previous year. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 255%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank sharply in the following year.

In value terms, pneumatic linear acting actuator exports dropped rapidly to $X in 2022. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Luxembourg (X units), Brazil (X units) and the United States (X units) were the main destinations of pneumatic linear acting actuator exports from Azerbaijan, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +51.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from Azerbaijan, comprising 75% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 19% share of total exports. It was followed by Hong Kong SAR, with a 4.4% share.

From 2012 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 (+69.4% per year) and Hong Kong SAR (-64.4% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, with an increase of 251% against the previous year. Overall, the export price posted a significant expansion. 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 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 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+25.3%), 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, the amount of pneumatic linear acting actuators imported into Azerbaijan contracted remarkably to X units, dropping by -39.5% on 2021 figures. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 213%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports rose markedly to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 104%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Norway (X units) were the main suppliers of pneumatic linear acting actuator imports to Azerbaijan, with a combined 63% share of total imports. Germany, Russia, Sweden, the UK and India lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +98.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of pneumatic linear acting actuators to Azerbaijan, comprising 29% of total imports. The second position in the ranking was held by Norway ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled +71.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+34.2% per year) and Germany (+43.0% per year).

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, picking up by 78% against the previous year. Over the period under review, the import price saw buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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