Azerbaijan: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Azerbaijan

In 2022, the Azerbaijani trailer and semi-trailer market increased by 81% to $X, rising for the sixth consecutive year after four years of decline. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Trailer And Semi-Trailer Exports

Exports from Azerbaijan

In 2022, overseas shipments of cargo trailers and semi-trailers were finally on the rise to reach X units after three years of decline. Over the period under review, exports saw a notable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, trailer and semi-trailer exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a pronounced decrease. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for trailer and semi-trailer exports from Azerbaijan, with a 83% share of total exports. Moreover, trailer and semi-trailer exports to Turkey exceeded the volume sent to the second major destination, Iraq (X units), sixfold. The third position in this ranking was taken by Georgia (X units), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+4.2% per year) and Georgia (-24.2% per year).

In value terms, Turkey ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Azerbaijan, comprising 88% of total exports. The second position in the ranking was held by Georgia ($X), with a 6.1% share of total exports. It was followed by Kazakhstan, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-22.6% per year) and Kazakhstan (-0.6% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, reducing by -20% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2017 an increase of 68%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Iraq ($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 Kazakhstan (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Azerbaijan

For the third year in a row, Azerbaijan recorded growth in supplies from abroad of cargo trailers and semi-trailers, which increased by 67% to X units in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 124%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, trailer and semi-trailer imports surged to $X in 2022. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 124%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of trailer and semi-trailer to Azerbaijan, with a 74% share of total imports. Moreover, trailer and semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), tenfold. The third position in this ranking was held by Turkey (X units), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.2% per year) and Turkey (+4.5% per year).

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Azerbaijan, comprising 73% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.2% share of total imports. It was followed by Poland, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.3% per year) and Poland (+23.4% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, with an increase of 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 60% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform