Report Update Nov 1, 2024

Azerbaijan - Lifts and Hoists - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Lift And Hoist Market 2024

Lift And Hoist Market Size in Azerbaijan

In 2022, the Azerbaijani lift and hoist market decreased by -22.8% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Lift And Hoist Production in Azerbaijan

In value terms, lift and hoist production fell modestly to $X in 2022 estimated in export price. In general, production, however, showed a deep contraction. The growth pace was the most rapid in 2013 when the production volume increased by 45%. Lift and hoist production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Lift And Hoist Exports

Exports from Azerbaijan

In 2022, overseas shipments of lifts and hoists decreased by 0% to X units, falling for the second year in a row after three years of decline. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 180%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lift and hoist exports stood at $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 912%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X units) was the main destination for lift and hoist exports from Azerbaijan, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at +70.7%.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at +85.0%.

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 262% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +8.4% per year.

Lift And Hoist Imports

Imports into Azerbaijan

In 2022, supplies from abroad of lifts and hoists decreased by -10.6% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 408% against the previous year. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, lift and hoist imports dropped remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 287%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Slovakia (X units) were the main suppliers of lift and hoist imports to Azerbaijan, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lifts and hoists to Azerbaijan, comprising 65% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by Thailand, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.9% per year) and Thailand (+10.4% per year).

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, falling by -11.7% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2021 an increase of 48%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Thailand ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifts and hoists in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, together comprising 78% of global consumption.

What are the largest producers of lifts and hoists in the world?

The countries with the highest volumes of in 2021 were China, Spain and Italy, together accounting for 85% of global production.

What are the leading suppliers of lifts and hoists to Azerbaijan?

In value terms, China constituted the largest supplier of lift and hoist to Azerbaijan, comprising 68% of total imports. The second position in the ranking was occupied by Turkey, with a 12% share of total imports. It was followed by Finland, with a 9.7% share.

What are the leading importers of lifts and hoists from Azerbaijan?

In value terms, Kazakhstan remains the key foreign market for lift and hoist exports from Azerbaijan.

What is the average export price for lifts and hoists in Azerbaijan?

The average lift and hoist export price stood at $7,808 per unit in 2021, reducing by -40.5% against the previous year.

What is the average import price for lifts and hoists in Azerbaijan?

In 2021, the average lift and hoist import price amounted to $13,422 per unit, increasing by 35% against the previous year.

This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)

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