Report Update Nov 1, 2024

Azerbaijan - Compressors for Refrigeration Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in Azerbaijan

In 2022, the Azerbaijani refrigerator compressor market increased by 19% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a buoyant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Refrigerator Compressor Exports

Exports from Azerbaijan

In 2022, the amount of compressors for refrigeration equipment exported from Azerbaijan surged to X units, rising by 259% on 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refrigerator compressor exports surged to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 329% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for refrigerator compressor exports from Azerbaijan, accounting for a 98% share of total exports. It was followed by Turkey (X units), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +74.4%.

In value terms, the United States ($X) remains the key foreign market for compressors for refrigeration equipment exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was held by Turkey ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +178.7%.

Export Prices by Country

The average refrigerator compressor export price stood at $X per unit in 2022, shrinking by -14% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 150% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+89.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into Azerbaijan

In 2022, purchases abroad of compressors for refrigeration equipment increased by 30% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 93% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator compressor imports expanded remarkably to $X in 2022. Overall, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 114% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

India (X units), China (X units) and Brazil (X units) were the main suppliers of refrigerator compressor imports to Azerbaijan, together accounting for 83% of total imports. Slovakia, Turkey, the United States and Belarus lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +68.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator compressor suppliers to Azerbaijan were China ($X), India ($X) and the United States ($X), together comprising 51% of total imports. Brazil, Slovakia, Turkey and Belarus lagged somewhat behind, together accounting for a further 23%.

Slovakia, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refrigerator compressor import price stood at $X per unit in 2022, falling by -12.9% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for compressors for refrigeration equipment in the world?

The country with the largest volume of refrigerator compressor consumption was China, accounting for 29% of total volume. Moreover, refrigerator compressor consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of compressors for refrigeration equipment in the world?

China constituted the country with the largest volume of refrigerator compressor production, accounting for 50% of total volume. Moreover, refrigerator compressor production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was occupied by Japan, with a 5.8% share.

What are the leading suppliers of compressors for refrigeration equipment to Azerbaijan?

In value terms, the largest refrigerator compressor suppliers to Azerbaijan were China, India and Slovakia, together accounting for 46% of total imports.

What are the leading importers of compressors for refrigeration equipment from Azerbaijan?

In value terms, the United Arab Emirates, Italy and Luxembourg $750) constituted the largest markets for refrigerator compressor exported from Azerbaijan worldwide, together comprising 98% of total exports.

What is the average export price for compressors for refrigeration equipment in Azerbaijan?

The average refrigerator compressor export price stood at $254 per unit in 2021, falling by -56.5% against the previous year.

What is the average import price for compressors for refrigeration equipment in Azerbaijan?

The average refrigerator compressor import price stood at $127 per unit in 2021, which is down by -20.8% against the previous year.

This report provides an in-depth analysis of the refrigerator compressor market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28132300 - Compressors for refrigeration equipment

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023