Azerbaijan: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Azerbaijan

In 2021, the Azerbaijani market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -20.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, showed resilient growth. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced dramatically in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Azerbaijan

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were exported from Azerbaijan; reducing by -79.5% compared with the previous year. In general, exports, however, showed a pronounced expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,233%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped rapidly to $X in 2021. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 806%. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

The UK (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Azerbaijan, accounting for a 56% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to the UK exceeded the volume sent to the second major destination, Senegal (X units), fivefold. Switzerland (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Switzerland (0.0% per year).

In value terms, the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Azerbaijan were Switzerland ($X), the UK ($X) and Kuwait ($X), together comprising 96% of total exports.

The UK, with a CAGR of +38.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, which is down by -10% against the previous year. Over the period under review, the export price, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 273% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Azerbaijan

After three years of growth, supplies from abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -22.6% to X units in 2021. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 390% against the previous year. Imports peaked at X units in 2020, and then contracted dramatically in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X in 2021. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 91% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Azerbaijan, accounting for a 88% share of total imports. It was followed by France (X units), with a 2.4% share of total imports. The third position in this ranking was taken by Ukraine (X units), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+55.2% per year) and Ukraine (+6.3% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Azerbaijan, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.1% share of total imports. It was followed by Ukraine, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.2% per year) and Ukraine (+5.7% per year).

Import Prices by Country

In 2021, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, picking up by 29% against the previous year. In general, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 67%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a 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 United States ($X per unit), while the price for China ($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 United States (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform