Report Update Nov 1, 2024

Azerbaijan - Drilling or Morticing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Azerbaijan

The Azerbaijani wood drilling machine market rose notably to $X in 2021, picking up by 5% against the previous year. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Azerbaijan

In value terms, wood drilling machine production reached $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 79% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from Azerbaijan

In 2019, after two years of decline, there was decline in overseas shipments of drilling or morticing machines, when their volume decreased by 0% to X units. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2017. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports stood at $X in 2019. Overall, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2017. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for wood drilling machine exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Turkey was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2019, the average wood drilling machine export price amounted to $X per unit, flattening at the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2017 a decrease of 99.9%. Over the period under review, the average export prices hit record highs in 2019 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2019, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Wood Drilling Machine Imports

Imports into Azerbaijan

In 2021, after two years of growth, there was significant decline in supplies from abroad of drilling or morticing machines, when their volume decreased by -5.7% to X units. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 1,038%. Imports peaked at X units in 2020, and then shrank in the following year.

In value terms, wood drilling machine imports fell rapidly to $X in 2021. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2019 when imports increased by 971% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of wood drilling machine to Azerbaijan, with a 62% share of total imports. Moreover, wood drilling machine imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Italy (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +67.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.9% per year) and Italy (+18.7% per year).

In value terms, Italy ($X) constituted the largest supplier of drilling or morticing machines to Azerbaijan, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.5% per year) and the United Arab Emirates (+113.4% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, shrinking by -56.4% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 113% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+26.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for drilling or morticing machines in the world?

South Africa remains the largest wood drilling machine consuming country worldwide, accounting for 45% of total volume. Moreover, wood drilling machine consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Nigeria, with an 8% share.

What are the largest producers of drilling or morticing machines in the world?

China constituted the country with the largest volume of wood drilling machine production, accounting for 39% of total volume. Moreover, wood drilling machine production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, threefold. The third position in this ranking was occupied by India, with a 7.8% share.

What are the leading suppliers of drilling or morticing machines to Azerbaijan?

In value terms, Italy constituted the largest supplier of wood drilling machine to Azerbaijan, comprising 66% of total imports. The second position in the ranking was occupied by Turkey, with a 16% share of total imports. It was followed by Germany, with a 13% share.

What is the average export price for drilling or morticing machines in Azerbaijan?

The average wood drilling machine export price stood at $909 per unit in 2019, almost unchanged from the previous year.

What is the average import price for drilling or morticing machines in Azerbaijan?

The average wood drilling machine import price stood at $2,314 per unit in 2021, jumping by 15% against the previous year.

This report provides an in-depth analysis of the wood drilling machine 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 28491267 - Drilling or morticing machines for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials

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