Azerbaijan: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Azerbaijan

The Azerbaijani steering wheels and columns market rose to $X in 2022, growing by 4.7% 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, however, recorded buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Azerbaijan

In 2022, shipments abroad of steering wheels, steering columns and steering boxes was finally on the rise to reach X kg after two years of decline. Over the period under review, exports continue to indicate significant growth. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, steering wheels and columns exports soared to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 1,468% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X kg), Russia (X kg) and the United States (X kg) were the main destinations of steering wheels and columns exports from Azerbaijan.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steering wheels and columns exported from Azerbaijan were Russia ($X), Uzbekistan ($X) and the United States ($X).

The United States, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, waning by -89.4% against the previous year. In general, the export price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2021 an increase of 396% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

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

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+28.3%).

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Azerbaijan

In 2022, steering wheels and columns imports into Azerbaijan fell to X tons, standing approx. at the year before. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 316%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined modestly in the following year.

In value terms, steering wheels and columns imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 1,022%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of steering wheels and columns imports to Azerbaijan, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +38.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and South Korea ($X) were the largest steering wheels and columns suppliers to Azerbaijan, with a combined 59% share of total imports. Germany, Russia and Japan lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Russia, with a CAGR of +50.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steering wheels and columns import price stood at $X per ton in 2022, growing by 17% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 170%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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