Report Update Nov 1, 2024

Azerbaijan - Flywheels and Pulleys - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Azerbaijan: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Azerbaijan

The Azerbaijani flywheels and pulleys market expanded markedly to $X in 2021, picking up by 11% 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 showed a prominent increase. Flywheels and pulleys consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Flywheels And Pulleys Exports

Exports from Azerbaijan

Flywheels and pulleys exports from Azerbaijan reduced notably to X kg in 2021, with a decrease of -98.9% compared with the previous year's figure. In general, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2017 when exports increased by 411%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports declined notably to $X in 2021. Over the period under review, exports, however, saw a slight expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,015%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for flywheels and pulleys exports from Azerbaijan, accounting for a 88% share of total exports. Moreover, flywheels and pulleys exports to Russia exceeded the volume sent to the second major destination, Georgia (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-68.2% per year) and Qatar (0.0% per year).

In value terms, Russia ($X) emerged as the key foreign market for flywheels and pulleys exports from Azerbaijan, comprising 96% of total exports. The second position in the ranking was held by Qatar ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Georgia (-66.9% per year).

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2021, increasing by 6,237% against the previous year. Overall, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Georgia ($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 Belgium (+241.4%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Azerbaijan

For the sixth year in a row, Azerbaijan recorded growth in purchases abroad of flywheels and pulleys, which increased by 14% to X tons in 2021. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 118%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, flywheels and pulleys imports shrank slightly to $X in 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 116%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of flywheels and pulleys imports to Azerbaijan, together comprising 66% of total imports. These countries were followed by the United Arab Emirates, South Korea, Germany, Norway and Japan, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +114.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to Azerbaijan were China ($X), Germany ($X) and South Korea ($X), with a combined 37% share of total imports. These countries were followed by the United Arab Emirates, Norway, Turkey, Japan and Russia, which together accounted for a further 41%.

Japan, with a CAGR of +99.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, reducing by -12.3% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flywheels and pulleys in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, together comprising 46% of global consumption.

What are the largest producers of flywheels and pulleys in the world?

China remains the largest flywheels and pulleys producing country worldwide, comprising approx. 32% of total volume. Moreover, flywheels and pulleys production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of flywheels and pulleys to Azerbaijan?

In value terms, the largest flywheels and pulleys suppliers to Azerbaijan were China, Germany and South Korea, together comprising 41% of total imports. These countries were followed by Norway, Turkey, Japan and Russia, which together accounted for a further 35%.

What are the leading importers of flywheels and pulleys from Azerbaijan?

In value terms, the UK emerged as the key foreign market for flywheels and pulleys exports from Azerbaijan, comprising 50% of total exports. The second position in the ranking was occupied by Russia, with a 21% share of total exports. It was followed by Kazakhstan, with a 17% share.

What is the average export price for flywheels and pulleys in Azerbaijan?

In 2021, the average flywheels and pulleys export price amounted to $10,114 per ton, rising by 18% against the previous year.

What is the average import price for flywheels and pulleys in Azerbaijan?

In 2021, the average flywheels and pulleys import price amounted to $11,774 per ton, waning by -12.9% against the previous year.

This report provides an in-depth analysis of the flywheels and pulleys 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 28152500 - Flywheels and pulleys (including pulley blocks)

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