Azerbaijan: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Azerbaijan

The Azerbaijani market for electro-thermic appliances or domestic purposes skyrocketed to $X in 2021, picking up by 87% 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 posted resilient growth. Over the period under review, the market attained the maximum level at $X in 2013; afterwards, it flattened through to 2021.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Azerbaijan

In 2021, the amount of electro-thermic appliances or domestic purposes exported from Azerbaijan soared to X units, jumping by 76% compared with the previous year. Over the period under review, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 1,653% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. Overall, exports, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2014 when exports increased by 1,209%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Azerbaijan, with a 88% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Georgia exceeded the volume sent to the second major destination, Turkey (X units), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Georgia amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Norway (0.0% per year).

In value terms, Georgia ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Azerbaijan, comprising 89% of total exports. The second position in the ranking was held by Turkey ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Norway (0.0% per year).

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, waning by -6.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 308%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Georgia ($X per unit), while the average price for exports to Turkey ($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 (-7.1%).

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Azerbaijan

Electro-thermic appliances or domestic purposes imports into Azerbaijan soared to X units in 2021, rising by 80% against the previous year's figure. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 270% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. In general, imports posted a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 310% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Azerbaijan, accounting for a 90% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Uzbekistan (X units), more than tenfold. Russia (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+8.1% per year) and Russia (-20.0% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Azerbaijan, comprising 81% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 4.2% share of total imports. It was followed by Turkey, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+34.9% per year) and Turkey (-19.4% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, growing by 7.1% against the previous year. Overall, the import price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Uzbekistan (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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