Azerbaijan: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Azerbaijan

The Azerbaijani non-electric pulley tackle market skyrocketed to $X in 2022, rising by 80% 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). In general, consumption recorded significant growth. Non-electric pulley tackle consumption peaked in 2022 and is likely to continue growth in the near future.

Non-Electric Pulley Tackle Exports

Exports from Azerbaijan

In 2022, overseas shipments of pulley tackle and hoists, non-powered by electric motor decreased by -83.3% to X units, falling for the third year in a row after two years of growth. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 3,700%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle exports shrank notably to $X in 2022. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 6,187%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units), Turkey (X units) and the UK (X units) were the main destinations of non-electric pulley tackle exports from Azerbaijan. Moreover, non-electric pulley tackle exports in Kazakhstan exceeded the figures recorded by the second-largest exporter, Turkey, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for non-electric pulley tackle exported from Azerbaijan were Kazakhstan ($X), the UK ($X) and Turkey ($X).

Among the main countries of destination, the UK, with a CAGR of +4.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, declining by -83.5% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The growth pace was the most rapid in 2013 an increase of 191% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Turkey ($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 Russia (+91.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Azerbaijan

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor imported into Azerbaijan surged to X units, with an increase of 73% on 2021 figures. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 102%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electric pulley tackle imports skyrocketed to $X in 2022. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 199% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), China (X units) and the Netherlands (X units) were the main suppliers of non-electric pulley tackle imports to Azerbaijan, together comprising 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +110.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to Azerbaijan, comprising 58% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+56.7% per year) and China (+80.3% per year).

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, picking up by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 117% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 the Netherlands ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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