Azerbaijan: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Azerbaijan

The Azerbaijani electric heating resistor market declined to $X in 2021, dropping by -6% 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, however, showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Electric Heating Resistor Exports

Exports from Azerbaijan

In 2021, approx. X units of electric heating resistors were exported from Azerbaijan; growing by 13,426% against the previous year's figure. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electric heating resistor exports from Azerbaijan, with a 91% share of total exports. Moreover, electric heating resistor exports to the United States exceeded the volume sent to the second major destination, Russia (X units), more than tenfold.

From 2014 to 2021, the average annual growth rate of volume to the United States stood at +56.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+100.7% per year) and the United Arab Emirates (-40.4% per year).

In value terms, the United States ($X) remains the key foreign market for electric heating resistors exports from Azerbaijan, comprising 85% of total exports. The second position in the ranking was taken by Russia ($X), with a 14% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to the United States amounted to +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+129.1% per year) and the United Arab Emirates (-30.8% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, growing by 10% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 222%. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Resistor Imports

Imports into Azerbaijan

In 2021, supplies from abroad of electric heating resistors increased by 10% to X units, rising for the second year in a row after two years of decline. In general, imports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 973%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, electric heating resistor imports shrank notably to $X in 2021. Over the period under review, imports enjoyed slight growth. The pace of growth appeared the most rapid in 2017 with an increase of 625% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric heating resistor to Azerbaijan, with a 45% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by Iran (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.2% per year) and Iran (+4.0% per year).

In value terms, the largest electric heating resistor suppliers to Azerbaijan were the United States ($X), India ($X) and China ($X), with a combined 45% share of total imports.

Among the main suppliers, India, with a CAGR of +33.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric heating resistor import price amounted to $X per unit, waning by -23.7% against the previous year. In general, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 200% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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