Azerbaijan: Wheeled Loader Market 2025

Wheeled Loader Market Size in Azerbaijan

The Azerbaijani wheeled loader market skyrocketed to $X in 2021, with an increase of 208% 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). Overall, consumption, however, continues to indicate a abrupt setback. Wheeled loader consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Wheeled Loader Exports

Exports from Azerbaijan

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported from Azerbaijan shrank sharply to X units, dropping by -18.2% on 2020. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,000%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wheeled loader exports fell markedly to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 12,116%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X units), Kazakhstan (X units) and Russia (X units) were the main destinations of wheeled loader exports from Azerbaijan, with a combined 99.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +14.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from Azerbaijan, comprising 67% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 21% share of total exports. It was followed by Turkey, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-8.1% per year) and Turkey (-14.7% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, waning by -46.7% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 70% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Russia ($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 Iran (+83.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Azerbaijan

Wheeled loader imports into Azerbaijan soared to X units in 2021, rising by 134% on the previous year. Overall, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wheeled loader imports surged to $X in 2021. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 220% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to Azerbaijan, accounting for a 60% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by Turkey (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.0% per year) and Turkey (+11.9% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Azerbaijan, comprising 57% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+24.5% per year) and Turkey (+19.0% per year).

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, surging by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 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 Japan ($X per unit), while the price for the Czech Republic ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :