Azerbaijan: Hydraulic Press Market 2024

Hydraulic Press Market Size in Azerbaijan

The Azerbaijani hydraulic press market skyrocketed to $X in 2022, with an increase of 75% 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, however, continues to indicate a perceptible slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Hydraulic Press Exports

Exports from Azerbaijan

In 2022, approx. X units of hydraulic presses for working metal were exported from Azerbaijan; dropping by -30% against the year before. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 300% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hydraulic press exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 1,539%. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Russia (X units), Iran (X units) and Georgia (X units) were the main destinations of hydraulic press exports from Azerbaijan. Moreover, hydraulic press exports in Russia exceeded the figures recorded by the second-largest exporter, Iran, twofold.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +18.9%), while the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) remains the key foreign market for hydraulic presses for working metal exports from Azerbaijan, comprising 75% of total exports. The second position in the ranking was taken by Iran ($X), with a 17% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Russia amounted to +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-8.5% per year) and Georgia (+4.9% per year).

Export Prices by Country

The average hydraulic press export price stood at $X per unit in 2022, dropping by -10.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 310%. The export price peaked at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Georgia ($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 Russia (+32.3%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into Azerbaijan

Hydraulic press imports into Azerbaijan soared to X units in 2022, growing by 61% compared with the year before. Overall, imports enjoyed modest growth. The pace of growth was the most pronounced in 2017 with an increase of 217%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hydraulic press imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 582%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Switzerland (X units) constituted the largest hydraulic press supplier to Azerbaijan, with a 30% share of total imports. Moreover, hydraulic press imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.2% per year) and China (+27.1% per year).

In value terms, Switzerland ($X), Germany ($X) and Turkey ($X) were the largest hydraulic press suppliers to Azerbaijan, with a combined 68% share of total imports. China, the Czech Republic, Russia, Finland, Norway, the United Arab Emirates, the UK and Serbia lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +52.3%, recorded the highest growth rate of 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 hydraulic press import price stood at $X per unit in 2022, increasing by 3.6% against the previous year. Overall, the import price, however, faced a sharp contraction. The most prominent rate of growth was recorded in 2020 an increase of 172% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+25.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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