Azerbaijan: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Azerbaijan

In 2021, after two years of growth, there was decline in the Azerbaijani self-propelled rock cutter market, when its value decreased by -4.8% to $X. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.4% against 2015 indices. Self-propelled rock cutter consumption peaked at $X in 2020, and then dropped in the following year.

Self-Propelled Rock Cutter Production in Azerbaijan

In value terms, self-propelled rock cutter production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.2% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 39%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Self-Propelled Rock Cutter Exports

Exports from Azerbaijan

In 2019, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery increased by 500% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a dramatic contraction. The exports peaked at X units in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports soared to $X in 2019. In general, exports, however, faced a dramatic decline. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

Exports by Country

Egypt (X units) and Uzbekistan (X units) were the main destinations of self-propelled rock cutter exports from Azerbaijan. Moreover, self-propelled rock cutter exports in Egypt exceeded the figures recorded by the second-largest exporter, Uzbekistan, twofold.

From 2015 to 2019, the biggest increases were recorded for Egypt (with a CAGR of 0.0%).

From 2015 to 2019, the average annual rate of growth in terms of value to Uzbekistan was relatively modest.

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2019, rising by 63% against the previous year. Over the period under review, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Egypt stood at $X per unit.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iran (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into Azerbaijan

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported into Azerbaijan surged to X units, with an increase of 150% against the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 1,250% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled rock cutter imports surged to $X in 2021. In general, imports saw a pronounced increase. The pace of growth was the most pronounced in 2014 when imports increased by 865% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of self-propelled rock cutter to Azerbaijan, with a 60% share of total imports. Moreover, self-propelled rock cutter imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and Italy (0.0% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Azerbaijan, comprising 44% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by Italy, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +78.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+23.5% per year) and Italy (-11.1% per year).

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, picking up by 16% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled rock cutter import price increased by +38.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 59%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 Poland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+38.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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