Report Update Nov 1, 2024

Azerbaijan - Equipment for Internal Combustion Engines - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Equipment For Internal Combustion Engines 2024

Market Size for Equipment For Internal Combustion Engines in Azerbaijan

The Azerbaijani internal combustion engine equipment market skyrocketed to $X in 2022, jumping by 27% 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). In general, consumption continues to indicate a strong increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Equipment For Internal Combustion Engines

Exports from Azerbaijan

After three years of growth, shipments abroad of equipment for internal combustion engines decreased by -99.9% to X units in 2022. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 921%. As a result, the exports reached the peak of X units, and then fell notably in the following year.

In value terms, internal combustion engine equipment exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 4,344% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Russia (X units) was the main destination for internal combustion engine equipment exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -88.8%.

In value terms, Russia ($X) emerged as the key foreign market for equipment for internal combustion engines exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -90.8%.

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, jumping by 287% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 616% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +5.1% per year.

Imports of Equipment For Internal Combustion Engines

Imports into Azerbaijan

In 2022, the amount of equipment for internal combustion engines imported into Azerbaijan skyrocketed to X units, picking up by 23% compared with 2021. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 464% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 310%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of internal combustion engine equipment to Azerbaijan, accounting for a 36% share of total imports. Moreover, internal combustion engine equipment imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +62.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.7% per year) and Taiwan (Chinese) (+164.9% per year).

In value terms, Russia ($X), China ($X) and Turkey ($X) were the largest internal combustion engine equipment suppliers to Azerbaijan, together comprising 51% of total imports. Germany, Taiwan (Chinese), South Korea, France and Italy lagged somewhat behind, together accounting for a further 28%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +100.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2022, jumping by 34% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 an increase of 501% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for equipment for internal combustion engines in the world?

The countries with the highest volumes of in 2021 were China, Romania and the United States, with a combined 46% share of global consumption.

What are the largest producers of equipment for internal combustion engines in the world?

The countries with the highest volumes of in 2021 were China, Romania and the United States, with a combined 49% share of global production.

What are the leading suppliers of equipment for internal combustion engines to Azerbaijan?

In value terms, China, Germany and France were the largest internal combustion engine equipment suppliers to Azerbaijan, together accounting for 45% of total imports. These countries were followed by Turkey, Russia, the United States, South Korea, Ukraine, Hungary, Taiwan Chinese), the Czech Republic, Bulgaria and India, which together accounted for a further 42%.

What are the leading importers of equipment for internal combustion engines from Azerbaijan?

In value terms, the UK $426) remains the key foreign market for internal combustion engine equipment exports from Azerbaijan, comprising 97% of total exports. The second position in the ranking was occupied by Georgia $6), with a 1.4% share of total exports.

What is the average export price for equipment for internal combustion engines in Azerbaijan?

In 2021, the average internal combustion engine equipment export price amounted to $30 per unit, which is down by -89.1% against the previous year.

What is the average import price for equipment for internal combustion engines in Azerbaijan?

In 2021, the average internal combustion engine equipment import price amounted to $2.5 per unit, rising by 16% against the previous year.

This report provides an in-depth analysis of the market for internal combustion engine equipment 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 29312270 - Equipment, n.e.c., for internal combustion engines

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