Report Update Jan 1, 2025

Azerbaijan - Gear Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Gear Box Market 2025

Gear Box Market Size in Azerbaijan

In 2022, the Azerbaijani gear box market increased by 8.8% to $X, rising for the seventh consecutive year after two years of decline. Overall, consumption posted a significant expansion. Gear box consumption peaked in 2022 and is likely to see steady growth in years to come.

Gear Box Exports

Exports from Azerbaijan

In 2022, shipments abroad of gear boxes was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded strong growth. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, gear box exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X units), Georgia (X units) and Kazakhstan (X units) were the main destinations of gear box exports from Azerbaijan, with a combined 93% share of total exports.

From 2014 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +108.3%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by Georgia, with a 3.6% share.

From 2014 to 2022, the average annual rate of growth in terms of value to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (0.0% per year) and Georgia (+145.8% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, picking up by 16% against the previous year. Overall, the export price saw a significant expansion. The growth pace was the most rapid in 2021 an increase of 3,374%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+85.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into Azerbaijan

In 2022, the amount of gear boxes imported into Azerbaijan reached X units, growing by 5% compared with 2021 figures. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,360%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gear box imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 495% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest gear box supplier to Azerbaijan, with a 48% share of total imports. Moreover, gear box imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X units), fourfold. Japan (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +85.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+26.2% per year) and Japan (+142.6% per year).

In value terms, Germany ($X), China ($X) and Turkey ($X) appeared to be the largest gear box suppliers to Azerbaijan, together comprising 61% of total imports. Japan, the United States, Russia and South Korea lagged somewhat behind, together accounting for a further 29%.

Japan, with a CAGR of +124.8%, recorded 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 gear box import price stood at $X per unit in 2022, with an increase of 13% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2014 an increase of 130% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, 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 the United States ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.6%), 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 gear boxes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. Japan, Germany, Brazil, Indonesia, Mexico, Italy, South Korea, France, Saudi Arabia and Canada lagged somewhat behind, together comprising a further 35%.

What are the largest producers of gear boxes in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together comprising 44% of global production. Germany, India, South Korea, Indonesia, Brazil, Italy, Mexico, France and Saudi Arabia lagged somewhat behind, together comprising a further 40%.

What are the leading suppliers of gear boxes to Azerbaijan?

In value terms, the largest gear box suppliers to Azerbaijan were Germany, China and Russia, together comprising 66% of total imports. The United States, South Korea, Japan and Turkey lagged somewhat behind, together accounting for a further 25%.

What is the average export price for gear boxes in Azerbaijan?

The average gear box export price stood at $63 per unit in 2021, rising by 437% against the previous year.

What is the average import price for gear boxes in Azerbaijan?

The average gear box import price stood at $4.9 per unit in 2021, shrinking by -8% against the previous year.

This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes 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