Report Update Feb 1, 2025

Azerbaijan - Tools of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Wood Tool Market 2025

Wood Tool Market Size in Azerbaijan

The Azerbaijani wood tool market dropped to $X in 2021, declining by -6.3% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Wood Tool Production in Azerbaijan

In value terms, wood tool production declined modestly to $X in 2021 estimated in export price. In general, production saw a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Wood Tool Exports

Exports from Azerbaijan

In 2021, overseas shipments of tools of wood decreased by -17.8% to X kg, falling for the fifth year in a row after two years of growth. In general, exports showed a deep downturn. The growth pace was the most rapid in 2015 with an increase of 7,749% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood tool exports contracted notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 3,989%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Iran (X kg) was the main destination for wood tool exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran amounted to -11.2%.

In value terms, Iran ($X) also remains the key foreign market for tools of wood exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Iran amounted to -10.0%.

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, waning by -2.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to +1.3% per year.

Wood Tool Imports

Imports into Azerbaijan

In 2021, approx. X tons of tools of wood were imported into Azerbaijan; which is down by -28.3% against the previous year. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 275% against the previous year. Imports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, wood tool imports fell to $X in 2021. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 145%. Over the period under review, imports reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of wood tool to Azerbaijan, with a 63% share of total imports. Moreover, wood tool imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+87.5% per year) and China (+128.4% per year).

In value terms, Russia ($X), China ($X) and Ukraine ($X) appeared to be the largest wood tool suppliers to Azerbaijan, together comprising 39% of total imports.

Among the main suppliers, Ukraine, with a CAGR of +59.6%, saw the highest rates of growth with regard to 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 wood tool import price stood at $X per ton in 2021, rising by 24% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 61%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, 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 China ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tools of wood in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 33% share of global consumption. These countries were followed by Italy, Russia, South Africa, Brazil, Japan, Indonesia, France, Mexico, Pakistan and Germany, which together accounted for a further 40%.

What are the largest producers of tools of wood in the world?

The country with the largest volume of wood tool production was China, comprising approx. 29% of total volume. Moreover, wood tool production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of tools of wood to Azerbaijan?

In value terms, Russia constituted the largest supplier of wood tool to Azerbaijan, comprising 60% of total imports. The second position in the ranking was occupied by Turkey, with a 13% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of tools of wood from Azerbaijan?

In value terms, Iran $369) remains the key foreign market for wood tool exports from Azerbaijan.

What is the average export price for tools of wood in Azerbaijan?

The average wood tool export price stood at $840 per ton in 2021, dropping by -10.7% against the previous year.

What is the average import price for tools of wood in Azerbaijan?

In 2021, the average wood tool import price amounted to $690 per ton, growing by 4.6% against the previous year.

This report provides an in-depth analysis of the wood tool market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16291130 - Tools, tool bodies and handles and broom or brush bodies and handles of wood, boot and shoe lasts and trees of wood

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024