Azerbaijan: Vacuum Pump Market 2024

Vacuum Pump Market Size in Azerbaijan

The Azerbaijani vacuum pump market skyrocketed to $X in 2022, growing by 23% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Vacuum pump consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vacuum Pump Production in Azerbaijan

In value terms, vacuum pump production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 8.6% against the previous year. Vacuum pump production peaked at $X in 2020; afterwards, it flattened through to 2022.

Vacuum Pump Exports

Exports from Azerbaijan

In 2022, approx. X units of vacuum pumps were exported from Azerbaijan; with a decrease of -53.3% compared with 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 300% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank rapidly in the following year.

In value terms, vacuum pump exports skyrocketed to $X in 2022. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 3,579% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for vacuum pump exports from Azerbaijan, with a 43% share of total exports. Moreover, vacuum pump exports to Kazakhstan exceeded the volume sent to the second major destination, Georgia (X units), threefold. Iraq (X units) ranked third in terms of total exports with a 14% share.

From 2013 to 2022, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Iraq (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for vacuum pumps exports from Azerbaijan, comprising 100% of total exports. The second position in the ranking was taken by Italy ($X), with a 0.2% share of total exports. It was followed by Iraq, with a 0.1% share.

From 2013 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Iraq (0.0% per year).

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, rising by 484% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 820% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+222.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Azerbaijan

In 2022, the amount of vacuum pumps imported into Azerbaijan skyrocketed to X units, picking up by 36% compared with the previous year's figure. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 260%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vacuum pump imports surged to $X in 2022. Over the period under review, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 261%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and Russia (X units) were the main suppliers of vacuum pump imports to Azerbaijan, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum pump suppliers to Azerbaijan were Germany ($X), Turkey ($X) and China ($X), together comprising 68% of total imports.

Among the main suppliers, Turkey, with a CAGR of +13.8%, 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 vacuum pump import price stood at $X per unit in 2022, growing by 19% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 96% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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