Report Update Nov 1, 2024

Azerbaijan - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Azerbaijan

The Azerbaijani motor vehicle engine market skyrocketed to $X in 2021, surging by 24% 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. Motor vehicle engine consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Motor Vehicle Engine Exports

Exports from Azerbaijan

In 2021, shipments abroad of motor vehicle engines (spark-ignition) increased by 18% to X kg, rising for the second consecutive year after two years of decline. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 612% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, motor vehicle engine exports surged to $X in 2021. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 388% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Georgia (X kg) was the main destination for motor vehicle engine exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia amounted to +16.6%.

In value terms, Georgia ($X) also remains the key foreign market for motor vehicle engines (spark-ignition) exports from Azerbaijan.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia stood at +20.7%.

Export Prices by Country

In 2021, the average motor vehicle engine export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price posted a tangible expansion. The growth pace was the most rapid in 2019 when the average export price increased by 288% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to +3.6% per year.

Motor Vehicle Engine Imports

Imports into Azerbaijan

Motor vehicle engine imports into Azerbaijan skyrocketed to X tons in 2021, picking up by 17% on the year before. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 244% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, motor vehicle engine imports surged to $X in 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 430% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest motor vehicle engine supplier to Azerbaijan, accounting for a 66% share of total imports. Moreover, motor vehicle engine imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold. The third position in this ranking was taken by South Korea (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +58.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.3% per year) and South Korea (+78.4% per year).

In value terms, Germany ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Azerbaijan, comprising 66% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by South Korea, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +48.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+25.7% per year) and South Korea (+86.7% per year).

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, growing by 11% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.0%), 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 motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine consumption in 2020 were China, Japan and the United States, together accounting for 41% of global consumption. India, Mexico, Indonesia, Brazil, Russia, Italy, Turkey, Canada, South Korea and France lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of motor vehicle engines (spark-ignition) in the world?

The countries with the highest volumes of motor vehicle engine production in 2020 were China, Japan and the United States, with a combined 42% share of global production. These countries were followed by India, Mexico, Indonesia, Brazil, France, South Korea, Poland, Italy, the UK and Hungary, which together accounted for a further 36%.

What are the leading suppliers of motor vehicle engines (spark-ignition) to Azerbaijan?

In value terms, Germany constituted the largest supplier of motor vehicle engine to Azerbaijan, comprising 70% of total imports. The second position in the ranking was occupied by South Korea, with a 12% share of total imports. It was followed by Japan, with a 7.3% share.

What are the leading importers of motor vehicle engines (spark-ignition) from Azerbaijan?

In value terms, Georgia $286) remains the key foreign market for motor vehicle engine exports from Azerbaijan.

What is the average export price for motor vehicle engines (spark-ignition) in Azerbaijan?

In 2020, the average motor vehicle engine export price amounted to $4,613 per ton, declining by -72.4% against the previous year.

What is the average import price for motor vehicle engines (spark-ignition) in Azerbaijan?

The average motor vehicle engine import price stood at $3,134 per ton in 2020, with an increase of 36% against the previous year.

This report provides an in-depth analysis of the motor vehicle engine 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 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

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