Azerbaijan: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Azerbaijan

The Azerbaijani domestic electro-thermic appliances market fell to $X in 2022, dropping by X% 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). In general, consumption, however, enjoyed a resilient increase. Domestic electro-thermic appliances consumption peaked at $X in 2021, and then reduced in the following year.

Domestic Electro-Thermic Appliances Exports

Exports from Azerbaijan

Domestic electro-thermic appliances exports from Azerbaijan shrank to X units in 2022, with a decrease of X% on the previous year's figure. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, domestic electro-thermic appliances exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Georgia (X units) was the main destination for domestic electro-thermic appliances exports from Azerbaijan, accounting for a X% share of total exports. Moreover, domestic electro-thermic appliances exports to Georgia exceeded the volume sent to the second major destination, the United States (X units), sevenfold. Latvia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Latvia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for domestic electro-thermic appliances exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Turkey (X% per year).

Export Prices by Country

The average domestic electro-thermic appliances export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, faced a deep slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Domestic Electro-Thermic Appliances Imports

Imports into Azerbaijan

In 2022, the amount of domestic electro-thermic appliances imported into Azerbaijan dropped to X units, with a decrease of X% against 2021 figures. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, domestic electro-thermic appliances imports contracted to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic electro-thermic appliances to Azerbaijan, accounting for a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was held by Russia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, China ($X), Turkey ($X) and Russia ($X) were the largest domestic electro-thermic appliances suppliers to Azerbaijan, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform