Report Update Jan 1, 2025

Azerbaijan - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Azerbaijan

The Azerbaijani driving and non-driving axle market surged to $X in 2021, increasing by 29% 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 saw significant growth. Driving and non-driving axle consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Azerbaijan

In 2021, driving and non-driving axle exports from Azerbaijan shrank notably to X kg, falling by -45.3% compared with the year before. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 420% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports shrank to $X in 2021. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2019 when exports increased by 367%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X kg) and Georgia (X kg) were the main destinations of driving and non-driving axle exports from Azerbaijan.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +575.0%).

In value terms, France ($X) emerged as the key foreign market for driving and non-driving axle exports from Azerbaijan, comprising 80% of total exports. The second position in the ranking was taken by Georgia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +275.4%.

Export Prices by Country

The average driving and non-driving axle export price stood at $X per ton in 2021, rising by 57% against the previous year. Over the period under review, the export price enjoyed modest growth. The export price peaked at $X per ton in 2013; however, from 2014 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, the country with the highest price was France ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-3.1%), while the prices for the other major destinations experienced a decline.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Azerbaijan

In 2021, approx. X tons of drive-axles with differential and non-driving axles were imported into Azerbaijan; picking up by 27% on the year before. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 407%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, driving and non-driving axle imports soared to $X in 2021. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 595% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Russia (X tons) and China (X tons) were the main suppliers of driving and non-driving axle imports to Azerbaijan, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +121.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest driving and non-driving axle suppliers to Azerbaijan were the United Arab Emirates ($X), Germany ($X) and Russia ($X), with a combined 62% share of total imports.

Germany, with a CAGR of +86.7%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average driving and non-driving axle import price amounted to $X per ton, with an increase of 9.8% against the previous year. Overall, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Iraq ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for drive-axles with differential and non-driving axles in the world?

China remains the largest driving and non-driving axle consuming country worldwide, comprising approx. 26% of total volume. Moreover, driving and non-driving axle consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the largest producers of drive-axles with differential and non-driving axles in the world?

China remains the largest driving and non-driving axle producing country worldwide, comprising approx. 27% of total volume. Moreover, driving and non-driving axle production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of drive-axles with differential and non-driving axles to Azerbaijan?

In value terms, Germany, Russia and China appeared to be the largest driving and non-driving axle suppliers to Azerbaijan, with a combined 64% share of total imports. These countries were followed by Turkey, South Korea, Ukraine and Iraq, which together accounted for a further 23%.

What is the average export price for drive-axles with differential and non-driving axles in Azerbaijan?

The average driving and non-driving axle export price stood at $18,002 per ton in 2021, surging by 277% against the previous year.

What is the average import price for drive-axles with differential and non-driving axles in Azerbaijan?

The average driving and non-driving axle import price stood at $5,250 per ton in 2021, surging by 3.8% against the previous year.

This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024