Azerbaijan: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Azerbaijan

The Azerbaijani market for in-hand motor grinders, sanders and planers skyrocketed to $X in 2021, surging by 34% 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 enjoyed a significant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Azerbaijan

Exports of in-hand motor grinders, sanders and planers from Azerbaijan declined notably to X units in 2021, with a decrease of -49.5% against 2020. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 850%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of in-hand motor grinders, sanders and planers dropped markedly to $X in 2021. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 344% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Azerbaijan, accounting for a 60% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The third position in this ranking was taken by Georgia (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-34.5% per year) and Georgia (+13.0% per year).

In value terms, Germany ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Azerbaijan, comprising 43% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by the UK, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +51.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+43.7% per year) and the UK (+72.5% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, falling by -2% against the previous year. Over the period under review, the export price, however, posted moderate growth. The pace of growth was the most pronounced in 2014 an increase of 97%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($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 Uzbekistan (+3,727.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Azerbaijan

In 2021, imports of in-hand motor grinders, sanders and planers into Azerbaijan surged to X units, increasing by 33% against 2020 figures. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of 406%. Over the period under review, imports of attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 104% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Azerbaijan, accounting for a 81% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Georgia (X units), tenfold. Russia (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +61.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+7.3% per year) and Russia (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Azerbaijan, comprising 50% of total imports. The second position in the ranking was held by Georgia ($X), with an 18% share of total imports. It was followed by Russia, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +71.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+8.0% per year) and Russia (+7.2% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, rising by 4% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Georgia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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