Azerbaijan: Ride-On Compaction Equipment Market 2022

Ride-On Compaction Equipment Market Size in Azerbaijan

The Azerbaijani ride-on compaction equipment market soared to $X in 2021, rising 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). Over the period under review, consumption, however, continues to indicate a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Azerbaijan

In 2021, shipments abroad of ride-on compaction equipment decreased by -X% to X units, falling for the fourth year in a row after three years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, ride-on compaction equipment exports dropped markedly to $X in 2021. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X units) and Kazakhstan (X units) were the main destinations of ride-on compaction equipment exports from Azerbaijan.

From 2012 to 2021, the biggest increases were in Georgia (with a CAGR of X value terms, the largest markets for ride-on compaction equipment exported from Azerbaijan were Georgia ($X) and Kazakhstan ($X, with a CAGR of -X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Georgia ($X per unit), while the average price for exports to Kazakhstan totaled $X per unit.

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

Ride-On Compaction Equipment Imports

Imports into Azerbaijan

In 2021, the amount of ride-on compaction equipment imported into Azerbaijan surged to X units, increasing by X% compared with 2020 figures. Over the period under review, imports, however, recorded a perceptible decrease. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Turkey (X units) were the main suppliers of ride-on compaction equipment imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), China ($X) and Turkey ($X) appeared to be the largest ride-on compaction equipment suppliers to Azerbaijan, together accounting for X% of total imports.

China, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2021, rising by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ride-on compaction equipment import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform