Azerbaijan: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Azerbaijan

The Azerbaijani market for pulley tackle and hoists powered by an electric motor soared to $X in 2022, increasing by 41% against the previous year. In general, consumption enjoyed a tangible expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Azerbaijan

In value terms, production of pulley tackle and hoists powered by an electric motor soared to $X in 2022 estimated in export price. Over the period under review, production posted modest growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 150%. Production of peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Azerbaijan

In 2022, the amount of pulley tackle and hoists powered by an electric motor exported from Azerbaijan fell rapidly to X units, with a decrease of -50% against the year before. In general, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 200%. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of pulley tackle and hoists powered by an electric motor dropped markedly to $X in 2022. Overall, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 976% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at -24.2%.

In value terms, the Netherlands ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled -17.8%.

Export Prices by Country

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, shrinking by -48.3% against the previous year. Overall, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2020 when the average export price increased by 259%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +8.5% per year.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Azerbaijan

In 2022, supplies from abroad of pulley tackle and hoists powered by an electric motor was finally on the rise to reach X units after three years of decline. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 699%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 301%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main pulley tackle and hoists powered by an electric motor supplier to Azerbaijan, with a 93% share of total imports. It was followed by Turkey (X units), with a 1.7% share of total imports. The third position in this ranking was taken by the UK (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +57.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.5% per year) and the UK (+36.2% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Azerbaijan, comprising 64% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports. It was followed by the UK, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.6% per year) and the UK (+31.5% per year).

Import Prices by Country

In 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, reducing by -44.4% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 104%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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