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The Azerbaijani crane market dropped sharply to $X in 2020, down -X% compared to the previous year. Overall, consumption showed a moderate decline. The most significant growth rate occurred in 2018, when the market cap increased by X% year-over-year. Crane consumption peaked at $X in 2013; however, from 2014 to 2020, consumption was at a lower level.
In value terms, crane production in 2020 fell to an estimated $X at export prices. Overall, production continued to show a sharp decline. The most significant growth rate occurred in 2013, with an X% year-on-year increase. Crane production peaked at $X in 2009; however, production remained low from 2010 to 2020.
Azerbaijan’s crane export scale
In 2020, after four years of growth, overseas shipments of cranes, mobile cranes fell significantly, with sales falling -X% to X units. Overall, exports contracted sharply. In 2011, the growth rate was the fastest, with an increase of X% year-on-year. As a result, exports peaked at X units. From 2012 to 2020, the export growth rate remained at a low level.
In terms of value, crane exports surged to $X in 2020. Exports recorded strong growth during the period under review. In 2011, the growth rate was the fastest, with an increase of X% year-on-year.
During the period under review, exports peaked at $X in 2008; however, from 2009 to 2020, exports have been at lower levels.
Tajikistan (unit X) and Oman (unit X) are the main destinations for Azerbaijan’s crane exports. In addition, Tajikistan exported more than twice the number of cranes recorded by the second largest exporter, Oman.
Among the major destination countries from 2007 to 2020, the most significant growth rate in shipments was Oman.
From 2007 to 2020, the average annual value growth rate for Oman was relatively modest.
Import scale of cranes in Azerbaijan
In 2020, the number of cranes, mobile crane frames imported into Azerbaijan dropped rapidly to X units, a decrease of -X% compared to the previous year. During the period under review, there was a marked decrease in imports. The growth rate was most pronounced in 2018, with a year-on-year increase of X%. During the period under review, imports peaked at X units in 2013; however, from 2014 to 2020, imports have remained at a low level.
In 2020, crane imports dropped significantly to $X in value terms. Overall, imports have fallen significantly. The fastest growth rate in 2018, an increase of X% year-on-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain momentum.
Turkey (X units), China (X units) and South Korea (X units) are the main suppliers of imported cranes to Azerbaijan, which together account for X% of the total imports.
From 2007 to 2020, among the major suppliers, Turkey achieved the most significant growth rate in procurement, while other leaders experienced more modest growth rates in imports.
Turkey ($X) is the largest crane supplier to Azerbaijan by value, accounting for X% of total imports. In second place is South Korea ($X) with X% of total imports. It is followed by Italy with an X% share. From 2007 to 2020, the average annual growth rate of Turkey’s value totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: South Korea (+X% per annum) and Italy (+X% per annum).
Statistics of various crane suppliers in Azerbaijan
Turkey is the largest crane supplier to Azerbaijan by value, accounting for 35% of total imports. In second place is South Korea, which accounts for 15% of total imports. It is followed by Italy with a share of 14%.
The average export price of cranes in 2020 was US$344,833 per unit, an increase of 3,397% over the previous year.
The average import price of cranes in 2020 was US$32,389/unit, an increase of 85% year-on-year.
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Azerbaijan Crane Market Study 2022
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