Azerbaijan: Bridge Market 2024

Bridge Market Size in Azerbaijan

For the third consecutive year, the Azerbaijani bridge market recorded growth in sales value, which increased by 29% to $X in 2021. In general, consumption, however, recorded a abrupt decline. Bridge consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bridge Production in Azerbaijan

In value terms, bridge production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 6.6%. As a result, production attained the peak level of $X, and then fell modestly in the following year.

Bridge Exports

Exports from Azerbaijan

In 2021, shipments abroad of bridges, bridge sections, towers and lattice masts (of iron or steel) decreased by -68.9% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 15%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, bridge exports reduced dramatically to $X in 2021. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2013 when exports increased by 18%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for bridge exports from Azerbaijan, with a 71% share of total exports. Moreover, bridge exports to Georgia exceeded the volume sent to the second major destination, Russia (X tons), threefold. The third position in this ranking was held by Finland (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia amounted to -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-14.0% per year) and Finland (0.0% per year).

In value terms, Russia ($X), Georgia ($X) and Kazakhstan ($X) appeared to be the largest markets for bridge exported from Azerbaijan worldwide, with a combined 99% share of total exports. Finland lagged somewhat behind, accounting for a further 1%.

Finland, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average bridge export price stood at $X per ton in 2021, with a decrease of -20.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. The export price peaked at $X per ton in 2020, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.4%), while the prices for the other major destinations experienced a decline.

Bridge Imports

Imports into Azerbaijan

In 2021, approx. X tons of bridges, bridge sections, towers and lattice masts (of iron or steel) were imported into Azerbaijan; picking up by 38% on the previous year's figure. Over the period under review, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 290% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bridge imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 337%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Ukraine (X tons) and Turkey (X tons) were the main suppliers of bridge imports to Azerbaijan, with a combined 94% share of total imports. The United Arab Emirates and China lagged somewhat behind, together comprising a further 3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +55.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Turkey ($X) were the largest bridge suppliers to Azerbaijan, together comprising 89% of total imports. These countries were followed by the United Arab Emirates and China, which together accounted for a further 3.7%.

The United Arab Emirates, with a CAGR of +51.3%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average bridge import price amounted to $X per ton, declining by -12.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 65% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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