Report Update Nov 1, 2024

Azerbaijan - Winches and Capstans - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Winche And Capstan Market 2024

Winche And Capstan Market Size in Azerbaijan

In 2021, after two years of growth, there was significant decline in the Azerbaijani winche and capstan market, when its value decreased by -64.5% to $X. In general, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Winche And Capstan Exports

Exports from Azerbaijan

In 2021, shipments abroad of winches and capstans decreased by -82.6% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 3,450%. The exports peaked at X units in 2020, and then fell remarkably in the following year.

In value terms, winche and capstan exports reduced remarkably to $X in 2021. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 15,360%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X units), Germany (X units) and Kazakhstan (X units) were the main destinations of winche and capstan exports from Azerbaijan, with a combined 89% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +17.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for winche and capstan exported from Azerbaijan were Norway ($X), Germany ($X) and Russia ($X), with a combined 74% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +4.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average winche and capstan export price amounted to $X per unit, picking up by 96% against the previous year. Overall, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2014 an increase of 361%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($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 Germany (+45.2%), while the prices for the other major destinations experienced mixed trend patterns.

Winche And Capstan Imports

Imports into Azerbaijan

After two years of growth, purchases abroad of winches and capstans decreased by -65.6% to X units in 2021. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 191% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, winche and capstan imports dropped rapidly to $X in 2021. In general, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2019 with an increase of 146% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Russia (X units) were the main suppliers of winche and capstan imports to Azerbaijan, with a combined 48% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan suppliers to Azerbaijan were Spain ($X), China ($X) and Singapore ($X), together accounting for 13% of total imports. Italy, Turkey, the Netherlands, Russia, the United States, the United Arab Emirates and Iran lagged somewhat behind, together comprising a further 17%.

Iran, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average winche and capstan import price stood at $X per unit in 2021, waning by -51.1% against the previous year. In general, the import price recorded a deep slump. The growth pace was the most rapid in 2018 an increase of 742%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for winches and capstans in the world?

The United States constituted the country with the largest volume of winche and capstan consumption, accounting for 62% of total volume. Moreover, winche and capstan consumption in the United States exceeded the figures recorded by the second-largest consumer, China, sevenfold. India ranked third in terms of total consumption with a 3.3% share.

What are the largest producers of winches and capstans in the world?

The countries with the highest volumes of winche and capstan production in 2020 were the United States, China and India, together accounting for 80% of global production. Japan, South Korea and Germany lagged somewhat behind, together accounting for a further 5.9%.

What are the leading suppliers of winches and capstans to Azerbaijan?

In value terms, the United States constituted the largest supplier of winche and capstan to Azerbaijan, comprising 61% of total imports. The second position in the ranking was occupied by Italy, with a 9.3% share of total imports. It was followed by the Netherlands, with a 4.6% share.

What are the leading importers of winches and capstans from Azerbaijan?

In value terms, Russia emerged as the key foreign market for winche and capstan exports from Azerbaijan, comprising 56% of total exports. The second position in the ranking was occupied by Congo, with a 19% share of total exports.

What is the average export price for winches and capstans in Azerbaijan?

The average winche and capstan export price stood at $2,449 per unit in 2020, picking up by 189% against the previous year.

What is the average import price for winches and capstans in Azerbaijan?

In 2020, the average winche and capstan import price amounted to $1,327 per unit, surging by 111% against the previous year.

This report provides an in-depth analysis of the winche and capstan 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 28221200 - Winches and capstans (excluding those for raising vehicles)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023