Report Update Nov 1, 2024

Azerbaijan - Gear Cutting, Gear Grinding or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Azerbaijan

The Azerbaijani gear cutting machine market skyrocketed to $X in 2021, rising by 50% 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). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Gear Cutting Machine Exports

Exports from Azerbaijan

In 2021, shipments abroad of gear cutting, gear grinding or gear finishing machines decreased by -33.3% to X units for the first time since 2015, thus ending a five-year rising trend. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 200%. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, gear cutting machine exports contracted remarkably to $X in 2021. Overall, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2020 when exports increased by 351%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units) was the main destination for gear cutting machine exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran was relatively modest.

In value terms, Iran ($X) also remains the key foreign market for gear cutting, gear grinding or gear finishing machines exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Iran amounted to -4.6%.

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of 135% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to -4.6% per year.

Gear Cutting Machine Imports

Imports into Azerbaijan

Gear cutting machine imports into Azerbaijan stood at X units in 2021, remaining relatively unchanged against the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 600%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, gear cutting machine imports fell sharply to $X in 2021. Over the period under review, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2013 when imports increased by 2,652%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of gear cutting machine to Azerbaijan, accounting for a approx. 80% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +26.0%.

In value terms, Russia ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Azerbaijan, comprising 94% of total imports. The second position in the ranking was held by the UK ($X), with a 3.3% share of total imports. It was followed by Germany, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-22.6% per year) and Germany (-24.1% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, waning by -54.3% against the previous year. Overall, the import price saw a significant curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2,194%. As a result, import price reached the peak level of $X per unit. From 2014 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 the UK ($X per unit), while the price for China ($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 UK (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine consumption in 2021 were Switzerland, China and Japan, together comprising 63% of global consumption. These countries were followed by Estonia, Mexico, Germany, the Netherlands, South Africa and the United States, which together accounted for a further 23%.

What are the largest producers of gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine production in 2021 were Switzerland, China and Germany, with a combined 70% share of global production.

What are the leading suppliers of gear cutting, gear grinding or gear finishing machines to Azerbaijan?

In value terms, the UK constituted the largest supplier of gear cutting machine to Azerbaijan, comprising 76% of total imports. The second position in the ranking was occupied by Turkey, with a 21% share of total imports.

What are the leading importers of gear cutting, gear grinding or gear finishing machines from Azerbaijan?

In value terms, Iran remains the key foreign market for gear cutting machine exports from Azerbaijan.

What is the average export price for gear cutting, gear grinding or gear finishing machines in Azerbaijan?

In 2021, the average gear cutting machine export price amounted to $3,580 per unit, which is down by -3% against the previous year.

What is the average import price for gear cutting, gear grinding or gear finishing machines in Azerbaijan?

The average gear cutting machine import price stood at $3,239 per unit in 2021, growing by 19% against the previous year.

This report provides an in-depth analysis of the gear cutting 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 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)

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