From January to August 2021, the bilateral import and export volume of goods between China and Azerbaijan was US$818.61 million, a decrease of US$44.7168 million compared with the same period in 2020, a year-on-year decrease of 6.6%.
From January to August 2021, the total value of China's exports to Azerbaijan was US$627.9498 million, an increase of US$230.7808 million compared with the same period in 2020, a year-on-year increase of 58.1%; the total value of China's imports from Azerbaijan was US$190.6585 million, compared with 2020. During the same period, it decreased by US$275.4975 million, a year-on-year decrease of 60.2%.
As one of the five Central Asian countries, Azerbaijan has a very important strategic position, and its economic and trade exchanges with China have always maintained a good state. Unfortunately, the current market position of Chinese crane products in Azerbaijan is not very high. Турция is the largest source of imported cranes to Azerbaijan. As a Chinese crane supplier, Dongqi Crane has reached a crane cooperation project with Azerbaijani customers in 2021, and also expects to better open the crane market in Azerbaijan in 2022. This article will analyze the development and changes of the crane market in Azerbaijan in 2022 from the size of the overhead crane market in Azerbaijan
Before we start discussing the aerial crane market in Azerbaijan, we have a few small questions that need to be answered first. Let’s take a look
Источник данных: https://www.indexbox.io/store/azerbaijan-overhead-travelling-cranes-on-fixed-support-market-analysis-forecast-size-trends-and-insights/
The Azerbaijan Overhead Crane Market has surged to $X in 2020, an increase of X% over the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). During the period under review, consumption increased significantly. As a result, consumption has peaked and is likely to continue growing in the near term.
In 2020, the number of fixed-support overhead cranes exported from Azerbaijan remained stable compared to 2019. Overall, exports showed significant growth. During the period under review, exports hit an all-time high in 2020 and are likely to see steady growth in the short term.
The total export value of overhead cranes in 2020 is X USD. Overall, exports have grown substantially. Exports peaked at $X in 2015; however, from 2016 to 2020, exports were slightly lower.
Tajikistan (X units) is the main destination for Azerbaijani bridge crane exports, accounting for about X% of total exports.
From 2007 to 2020, the average annual growth rate of exports to Tajikistan was relatively modest.
The average annual value growth rate for Tajikistan between 2007 and 2020 was relatively modest.
In 2020, the number of fixed-support overhead cranes imported by Azerbaijan soared to X units, an increase of X% over the previous year. During the period under review, imports increased significantly. As a result, imports peaked and may continue to grow in the short term.
Overhead crane imports surged to $X in 2020 by value. Overall, import growth was strong. The most significant growth rate was recorded in 2017, with a year-on-year increase of X%. During the period under review, imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain momentum.
In 2020, Italy (X units) was the largest supplier of overhead cranes to Azerbaijan, accounting for X% of total imports. In addition, the number of overhead cranes imported from Italy was five times higher than the number recorded by the second largest supplier, Turkey (X units). Japan takes third place (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of Italian exports was +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (+X% per annum) and Japan (+X% per annum). Turkey ($X) is the largest supplier of overhead cranes to Azerbaijan by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by Norway with an X% share.
From 2007 to 2020, Turkey experienced an average annual value growth of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Italy (+X% per annum) and Norway (+X% per annum).
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