Azerbaijan: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Azerbaijan

The Azerbaijani meat-preparation industrial machinery market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Meat-preparation industrial machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Azerbaijan

In 2022, shipments abroad of industrial machinery for the preparation of meat or poultry decreased by 0% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat-preparation industrial machinery exports reduced notably to $X in 2022. Overall, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by 10,421% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), Austria (X units) and Georgia (X units) were the main destinations of meat-preparation industrial machinery exports from Azerbaijan, with a combined 60% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Azerbaijan, comprising 64% of total exports. The second position in the ranking was taken by Georgia ($X), with an 18% share of total exports. It was followed by Russia, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +470.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+20.2% per year) and Russia (-46.7% per year).

Export Prices by Country

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, waning by -50% against the previous year. In general, the export price faced a dramatic descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 6,914%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+470.7%), while the prices for the other major destinations experienced mixed trend patterns.

Meat-Preparation Industrial Machinery Imports

Imports into Azerbaijan

In 2022, purchases abroad of industrial machinery for the preparation of meat or poultry was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 223%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, meat-preparation industrial machinery imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 187%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest meat-preparation industrial machinery supplier to Azerbaijan, with a 39% share of total imports. Moreover, meat-preparation industrial machinery imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Poland (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.1% per year) and Poland (+32.0% per year).

In value terms, Germany ($X), Austria ($X) and Turkey ($X) were the largest meat-preparation industrial machinery suppliers to Azerbaijan, with a combined 71% share of total imports. Poland, Belarus, Italy, China and Russia lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, China, with a CAGR of +28.4%, recorded the highest rates of growth with regard to 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 meat-preparation industrial machinery import price stood at $X per unit in 2022, surging by 33% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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