The Azerbaijan Transport and Overhead Cranes Market has declined significantly to USD X in 2021, down -X% compared to the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, consumption faces a sharp contraction. Consumption of transport and overhead cranes peaked at $X in 2012; however, consumption is at a lower level from 2013 to 2021.
In 2021, approximately X transport cranes, gantry cranes and overhead cranes were exported from Azerbaijan; unchanged compared to the previous year. During the period under review, exports decreased significantly. The rate of growth was most pronounced in 2014, with an X% year-on-year increase. Exports peaked at X units in 2012; however, from 2013 to 2021, exports failed to regain momentum.
Exports of transport and overhead cranes in 2021 are worth X dollars by value. Overall, exports contracted sharply. The most significant growth rate occurred in 2015, which was an X% increase compared to the previous year. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2016 and 2021.
Georgia (X units) is the main destination for Azerbaijan's exports of transport and overhead cranes, accounting for about X% of total exports.
From 2012 to 2021, the average annual growth rate of freight traffic in Georgia is relatively modest.
In terms of value, Georgia ($X) remains the main foreign market for Azerbaijan's transport and overhead crane exports.
From 2012 to 2021, Georgia has experienced an average annual growth rate of -X% to value.
In 2021, after two years of growth, overseas purchases of haulage cranes, gantry cranes and overhead cranes fell significantly, with the number decreasing by -X% to X units. During the period under review, imports contracted sharply. The fastest growth rate in 2015, an increase of X% year-on-year. As a result, imports peaked at X units. Import growth will remain low between 2016 and 2021.
In value terms, imports of transport and overhead cranes are rapidly shrinking to $X in 2021. Overall, 10 ton overhead crane imports fell sharply. The fastest growth rate in 2017, with a year-on-year increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In 2021, South Korea (X units) is the largest supplier of transport and overhead cranes to Azerbaijan, accounting for X% of total imports. In addition, transport and overhead cranes imported from South Korea were three times higher than the numbers recorded by the second largest supplier, Turkey (X units). In this ranking, the United States occupies the third position (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of South Korea's export volume totals -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (-X% per annum) and the United States (X% per annum).
Turkey ($X), South Korea ($X) and China ($X) are the largest suppliers of transport and overhead cranes in Azerbaijan by value, together accounting for X% of total imports. The U.S. is slightly behind, accounting for yet another major supplier country X, with a -X% CAGR, the highest import value growth rate during the review period, while procurement leaders in other countries experienced declines.
Turkey, South Korea and China are Azerbaijan's largest suppliers of transport and overhead cranes by value, together accounting for 92% of total imports. It was followed by the United States with 1.4%.
In terms of value, Georgia remains the main foreign market for Azerbaijan's transport and overhead crane exports.
The average export price for transport and overhead cranes in 2021 is $4,372 per unit, unchanged from the previous year.
The average import price for transport and overhead cranes in 2021 is $9,442 per unit, down -9.8% from the previous year.
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