Azerbaijan: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Azerbaijan

The Azerbaijani air conditioning machine market stood at $X in 2021, picking up by 14% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Air Conditioning Machine Production in Azerbaijan

In value terms, air conditioning machine production reached $X in 2021 estimated in export price. Over the period under review, production saw a deep downturn. The growth pace was the most rapid in 2013 when the production volume increased by 50%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Air Conditioning Machine Exports

Exports from Azerbaijan

In 2021, after two years of decline, there was significant growth in overseas shipments of air conditioning machines, when their volume increased by 1,450% to X units. Overall, exports showed significant growth. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 946% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X units) was the main destination for air conditioning machine exports from Azerbaijan, accounting for a 65% share of total exports. Moreover, air conditioning machine exports to Georgia exceeded the volume sent to the second major destination, Turkey (X units), fourfold. Russia (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia totaled +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+37.0% per year) and Russia (-4.9% per year).

In value terms, the largest markets for air conditioning machine exported from Azerbaijan were Georgia ($X), Russia ($X) and Turkey ($X), together accounting for 67% of total exports.

Turkey, with a CAGR of +54.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average air conditioning machine export price stood at $X per unit in 2021, declining by -42.6% against the previous year. In general, the export price, however, showed a tangible increase. The growth pace was the most rapid in 2015 an increase of 1,274% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Azerbaijan

Air conditioning machine imports into Azerbaijan totaled X units in 2021, with an increase of 12% against the previous year. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 125%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, air conditioning machine imports soared to $X in 2021. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2015 with an increase of 59%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Azerbaijan, with a 68% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Uzbekistan (X units), sixfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+25.8% per year) and the United Arab Emirates (+21.6% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Azerbaijan, comprising 58% of total imports. The second position in the ranking was held by Turkey ($X), with a 10% share of total imports. It was followed by Uzbekistan, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.1% per year) and Uzbekistan (+26.1% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, with an increase of 5.5% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2015 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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