Azerbaijan: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Azerbaijan

The Azerbaijani ballast for discharge lamp market skyrocketed to $X in 2021, rising by 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a remarkable increase. Ballast for discharge lamp consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Azerbaijan

In 2021, overseas shipments of ballasts for discharge lamps or tubes increased by 21% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,508%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp exports shrank markedly to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 1,805%. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined rapidly in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for ballast for discharge lamp exports from Azerbaijan, accounting for a 86% share of total exports. Moreover, ballast for discharge lamp exports to Kazakhstan exceeded the volume sent to the second major destination, Luxembourg (X units), ninefold. The third position in this ranking was taken by Georgia (X units), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+400.0% per year) and Georgia (+19.6% per year).

In value terms, the largest markets for ballast for discharge lamp exported from Azerbaijan were Luxembourg ($X), Kazakhstan ($X) and the UK ($X), with a combined 91% share of total exports.

In terms of the main countries of destination, Luxembourg, with a CAGR of +470.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ballast for discharge lamp export price stood at $X per unit in 2021, declining by -40.3% against the previous year. Over the period under review, the export price continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 637%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Kazakhstan ($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 Georgia (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Azerbaijan

Ballast for discharge lamp imports into Azerbaijan skyrocketed to X units in 2021, picking up by 23% on the year before. Overall, imports continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of 239% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, ballast for discharge lamp imports soared to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 98% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Turkey (X units) were the main suppliers of ballast for discharge lamp imports to Azerbaijan, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +69.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ballast for discharge lamp to Azerbaijan, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +90.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.9% per year) and Italy (+18.6% per year).

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, rising by 20% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ballast for discharge lamp import price increased by +127.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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