Azerbaijan: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2022

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Azerbaijan

The Azerbaijani market for pulley tackle and hoists powered by an electric motor shrank markedly to $X in 2021, with a decrease of -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). In general, consumption, however, showed a deep reduction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Azerbaijan

In 2021, exports of pulley tackle and hoists powered by an electric motor from Azerbaijan shrank remarkably to X units, falling by -X% on the previous year's figure. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor reduced markedly to $X in 2021. Overall, exports faced a sharp descent. The smallest decline of -X% was in 2018. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Azerbaijan, with a X% share of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor to the Netherlands exceeded the volume sent to the second major destination, Senegal (X units), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +X%.

From 2012 to 2021, the average annual growth rate of value to Senegal was relatively modest.

Export Prices by Country

In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, declining by -X% against the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Senegal ($X per unit), while the average price for exports to the Netherlands totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Azerbaijan

In 2021, approx. X units of pulley tackle and hoists powered by an electric motor were imported into Azerbaijan; increasing by X% compared with the previous year. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, imports of pulley tackle and hoists powered by an electric motor declined rapidly to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), South Korea (X units) and Belarus (X units) were the main suppliers of imports of pulley tackle and hoists powered by an electric motor to Azerbaijan, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and the UK (-X% per year).

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2021, waning by -X% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform