Azerbaijan - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCranks and Crankshafts Price in Azerbaijan - 2023
Contents:
- Cranks and Crankshafts Price in Azerbaijan (CIF) - 2023
- Cranks and Crankshafts Price in Azerbaijan (FOB) - 2022
- Cranks and Crankshafts Imports in Azerbaijan
- Cranks and Crankshafts Exports in Azerbaijan
Cranks and Crankshafts Price in Azerbaijan (CIF) - 2023
The average cranks and crankshafts import price stood at $6,523 per ton in June 2023, with a decrease of -48.2% against the previous month. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in May 2023 an increase of 52% month-to-month. Over the period under review, average import prices hit record highs at $15,862 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Turkey ($22,489 per ton), while the price for Iran ($1,628 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Cranks and Crankshafts Price in Azerbaijan (FOB) - 2022
In 2022, the average cranks and crankshafts export price amounted to $19,730 per ton, waning by -57% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 173%. The export price peaked at $62,500 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($39,695 per ton), while the average price for exports to Afghanistan ($1,518 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Cranks and Crankshafts Imports in Azerbaijan
In 2022, the amount of cranks and crankshafts imported into Azerbaijan amounted to 281 tons, picking up by 3.2% on the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 12%. As a result, imports attained the peak of 288 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cranks and crankshafts imports shrank to $3.8M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $3.9M, and then reduced slightly in the following year.
Import of Cranks and Crankshafts in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 398 | 330 | 473 | 788 | 25.6% |
Germany | 322 | 507 | 807 | 747 | 32.4% |
Turkey | 221 | 273 | 348 | 517 | 32.7% |
Russia | 256 | 262 | 233 | 432 | 19.1% |
South Korea | 18.6 | 34.3 | 60.7 | 189 | 116.6% |
Belarus | 73.4 | 56.0 | 63.3 | 73.8 | 0.2% |
Others | 2,501 | 2,059 | 1,959 | 1,091 | -24.2% |
Total | 3,791 | 3,521 | 3,944 | 3,838 | 0.4% |
Top Suppliers of Cranks and Crankshafts to Azerbaijan in 2022:
- China (121.1 tons)
- Russia (56.9 tons)
- Turkey (45.2 tons)
- Germany (17.2 tons)
- South Korea (10.3 tons)
- Belarus (6.3 tons)
Cranks and Crankshafts Exports in Azerbaijan
In 2022, cranks and crankshafts exports from Azerbaijan shrank remarkably to 5.1 tons, with a decrease of -50.5% on 2021. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 184%. As a result, the exports attained the peak of 10 tons, and then shrank remarkably in the following year.
In value terms, cranks and crankshafts exports reduced rapidly to $101K in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 227% against the previous year. As a result, the exports attained the peak of $475K, and then dropped sharply in the following year.
Export of Cranks and Crankshafts in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 3.7 | 0.1 | 29.3 | 39.4 | 120.0% |
Belgium | 1.0 | 0.4 | 10.6 | 13.7 | 139.3% |
Turkmenistan | 0.1 | 4.6 | 0.5 | 7.8 | 327.3% |
Russia | 0.4 | 4.4 | 16.7 | 7.6 | 166.8% |
Kazakhstan | 0.6 | 0.9 | 4.1 | 6.9 | 125.7% |
Luxembourg | N/A | N/A | 7.2 | 4.7 | -34.7% |
Indonesia | 4.5 | 3.0 | 5.9 | 1.9 | -25.0% |
Afghanistan | 4.1 | 0.2 | 0.7 | 0.5 | -50.4% |
Norway | 45.9 | 54.2 | 183 | N/A | 99.7% |
Senegal | 4.3 | N/A | N/A | N/A | 0% |
Canada | 74.0 | 61.8 | 92.9 | N/A | 12.0% |
Georgia | 1.9 | 1.6 | 6.9 | N/A | 90.6% |
Turkey | 4.2 | 2.3 | 1.9 | N/A | -32.7% |
Others | 12.2 | 11.5 | 116 | 18.5 | 14.9% |
Total | 157 | 145 | 475 | 101 | -13.7% |
Top Export Markets for Cranks and Crankshafts from Azerbaijan in 2022:
- Kazakhstan (1248.0 kg)
- United Kingdom (993.0 kg)
- Russia (542.0 kg)
- Turkmenistan (440.0 kg)
- Belgium (437.0 kg)
- Afghanistan (355.0 kg)
- Luxembourg (238.0 kg)
- Indonesia (49.0 kg)
This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
- Prodcom 28152250 - Cardan shafts
- Prodcom 28152270 - Other shafts
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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