Azerbaijan - Road Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoad Wheel Price in Azerbaijan - 2023
Contents:
- Road Wheel Price in Azerbaijan (CIF) - 2023
- Road Wheel Price in Azerbaijan (FOB) - 2022
- Road Wheel Imports in Azerbaijan
- Road Wheel Exports in Azerbaijan
Road Wheel Price in Azerbaijan (CIF) - 2023
In September 2023, the average road wheel import price amounted to $3,922 per ton, surging by 9.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 112% month-to-month. As a result, import price reached the peak level of $5,335 per ton. From January 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Uzbekistan ($6,016 per ton), while the price for Russia ($2,227 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Road Wheel Price in Azerbaijan (FOB) - 2022
The average road wheel export price stood at $7,079 per ton in 2022, surging by 170% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 2,818% against the previous year. As a result, the export price attained the peak level of $38,807 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($20,843 per ton), while the average price for exports to Uzbekistan ($4,237 per ton) was amongst the lowest.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+69.0%), while the prices for the other major destinations experienced mixed trend patterns.
Road Wheel Imports in Azerbaijan
In 2022, approx. 2.3K tons of road wheels were imported into Azerbaijan; waning by -11.6% against 2021 figures. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year.
In value terms, road wheel imports soared to $8.3M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
Import of Road Wheel in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,209 | 1,919 | 2,941 | 4,296 | 24.8% |
Germany | 594 | 433 | 716 | 770 | 9.0% |
Turkey | 520 | 554 | 609 | 712 | 11.0% |
South Korea | 126 | 143 | 265 | 617 | 69.8% |
Russia | 680 | 603 | 616 | 604 | -3.9% |
Uzbekistan | 1.8 | 0.5 | 13.1 | 489 | 547.7% |
Belarus | 140 | 77.8 | 262 | 89.9 | -13.7% |
United Arab Emirates | 871 | 789 | 1,336 | 1.7 | -87.5% |
Others | 377 | 428 | 403 | 689 | 22.3% |
Total | 5,519 | 4,948 | 7,162 | 8,269 | 14.4% |
Top Suppliers of Road Wheel to Azerbaijan in 2022:
- China (1422.4 tons)
- Russia (247.2 tons)
- Germany (202.4 tons)
- Turkey (177.3 tons)
- Uzbekistan (102.5 tons)
- South Korea (58.0 tons)
- Belarus (34.8 tons)
- United Arab Emirates (0.4 tons)
Road Wheel Exports in Azerbaijan
In 2022, the amount of road wheels exported from Azerbaijan declined significantly to 1.9 tons, with a decrease of -91.4% on 2021. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11,074%.
In value terms, road wheel exports reduced notably to $13K in 2022. In general, exports recorded a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 656%. As a result, the exports reached the peak of $58K, and then dropped significantly in the following year.
Export of Road Wheel in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uzbekistan | N/A | N/A | N/A | 5.9 | 0% |
Russia | N/A | N/A | N/A | 3.6 | 0% |
Turkmenistan | N/A | N/A | 24.0 | 2.4 | -90.0% |
Belgium | N/A | N/A | N/A | 1.5 | 0% |
Czech Republic | 52.0 | N/A | N/A | N/A | 0% |
Georgia | N/A | 0.3 | 33.0 | N/A | 10900.0% |
Afghanistan | 0.7 | N/A | N/A | N/A | 0% |
Others | 1.0 | 7.4 | 0.8 | N/A | -10.6% |
Total | 53.6 | 7.6 | 57.8 | 13.3 | -37.2% |
Top Export Markets for Road Wheel from Azerbaijan in 2022:
- Uzbekistan (1386.0 kg)
- Russia (281.0 kg)
- Turkmenistan (148.0 kg)
- Belgium (70.0 kg)
This report provides an in-depth analysis of the road wheel 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 29323040 - Road wheels and parts and accessories thereof
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
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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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