Azerbaijan: Pump For Liquid Market 2024

Pump For Liquid Market Size in Azerbaijan

In 2021, the Azerbaijani pump for liquid market increased by 5.1% to $X, rising for the sixth year in a row after two years of decline. In general, consumption showed resilient growth. Pump for liquid consumption peaked in 2021 and is expected to retain growth in years to come.

Pump For Liquid Production in Azerbaijan

In value terms, pump for liquid production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt descent. Pump for liquid production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pump For Liquid Exports

Exports from Azerbaijan

In 2021, shipments abroad of pumps for liquids and liquid elevators decreased by -83.2% to X units, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by 187% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, pump for liquid exports fell rapidly to $X in 2021. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 302%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), the UK (X units) and Georgia (X units) were the main destinations of pump for liquid exports from Azerbaijan, with a combined 68% share of total exports. Turkey, Kazakhstan, Russia, Norway, the United Arab Emirates, Turkmenistan and Ukraine lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for pumps for liquids and liquid elevators exports from Azerbaijan, comprising 30% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 15% share of total exports. It was followed by Norway, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-24.2% per year) and Norway (+86.7% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, surging by 230% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 234%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+78.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Azerbaijan

In 2021, purchases abroad of pumps for liquids and liquid elevators increased by 6% to X units, rising for the sixth consecutive year after two years of decline. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 91% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, pump for liquid imports fell notably to $X in 2021. Overall, imports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2015 when imports increased by 70% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Azerbaijan, with a 65% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), sixfold. The third position in this ranking was held by Turkey (X units), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+20.3% per year) and Turkey (-0.5% per year).

In value terms, China ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Azerbaijan, comprising 20% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.1% share of total imports. It was followed by Turkey, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Turkey (-3.2% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, dropping by -30.4% against the previous year. Overall, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 150%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform