Report Update Nov 1, 2024

Azerbaijan - Bicycles and Other Cycles (Not Motorized) - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Bicycle Market 2024

Bicycle Market Size in Azerbaijan

For the tenth year in a row, the Azerbaijani bicycle market recorded growth in sales value, which increased by 58% to $X in 2021. Overall, consumption saw a significant expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Bicycle Exports

Exports from Azerbaijan

In 2021, bicycle exports from Azerbaijan soared to X units, picking up by 85% against 2020. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,235%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, bicycle exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 739% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

The UK (X units) was the main destination for bicycle exports from Azerbaijan, with a 40% share of total exports. Moreover, bicycle exports to the UK exceeded the volume sent to the second major destination, Singapore (X units), threefold. The third position in this ranking was taken by France (X units), with a 7.3% share.

From 2015 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and France (+85.6% per year).

In value terms, the UK ($X) remains the key foreign market for bicycles and other cycles exports from Azerbaijan, comprising 45% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports. It was followed by France, with a 7% share.

From 2015 to 2021, the average annual rate of growth in terms of value to the UK stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and France (+51.9% per year).

Export Prices by Country

In 2021, the average bicycle export price amounted to $X per unit, falling by -27.9% against the previous year. In general, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into Azerbaijan

Bicycle imports into Azerbaijan skyrocketed to X units in 2021, with an increase of 41% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 350%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, bicycle imports surged to $X in 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2016 when imports increased by 267%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) was the main bicycle supplier to Azerbaijan, accounting for a approx. 98% share of total imports.

From 2015 to 2021, the average annual growth rate of volume from China stood at +63.5%.

In value terms, China ($X) constituted the largest supplier of bicycles and other cycles to Azerbaijan.

From 2015 to 2021, the average annual rate of growth in terms of value from China amounted to +76.2%.

Import Prices by Country

The average bicycle import price stood at $X per unit in 2021, picking up by 12% against the previous year. Overall, the import price, however, showed a slight slump. The pace of growth was the most pronounced in 2018 an increase of 24%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2015 to 2021, the rate of growth in terms of prices for China amounted to +7.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bicycles and other cycles in the world?

South Africa remains the largest bicycle consuming country worldwide, comprising approx. 47% of total volume. Moreover, bicycle consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by India, with a 5.2% share.

What are the largest producers of bicycles and other cycles in the world?

China remains the largest bicycle producing country worldwide, accounting for 61% of total volume. Moreover, bicycle production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Brazil ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of bicycles and other cycles to Azerbaijan?

In value terms, China constituted the largest supplier of bicycle to Azerbaijan, comprising 94% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 1.6% share of total imports.

What are the leading importers of bicycles and other cycles from Azerbaijan?

In value terms, the UK, Georgia and the United Arab Emirates constituted the largest markets for bicycle exported from Azerbaijan worldwide, together accounting for 60% of total exports.

What is the average export price for bicycles and other cycles in Azerbaijan?

The average bicycle export price stood at $85 per unit in 2021, falling by -15.8% against the previous year.

What is the average import price for bicycles and other cycles in Azerbaijan?

The average bicycle import price stood at $58 per unit in 2021, with an increase of 67% against the previous year.

This report provides an in-depth analysis of the bicycle market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30921000 - Bicycles and other cycles (including delivery tricycles), nonmotorised
Prodcom 30921030 -
Prodcom 30921050 -

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023