Azerbaijan: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Azerbaijan

The Azerbaijani geometrical quantities electronic measurer market soared to $X in 2022, increasing by 21% 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). Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.3% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Azerbaijan

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were exported from Azerbaijan; picking up by 29% against the previous year's figure. In general, exports showed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 371%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports shrank remarkably to $X in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 1,500% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The UK (X units), Russia (X units) and the Netherlands (X units) were the main destinations of geometrical quantities electronic measurer exports from Azerbaijan, together comprising 65% of total exports. Turkey, the United States, Kazakhstan, Ukraine, Georgia and Denmark lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +109.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Azerbaijan, comprising 37% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by the UK, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +111.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+54.2% per year) and the UK (+16.0% per year).

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, reducing by -46.8% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 283%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ukraine ($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 Georgia (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Azerbaijan

In 2022, imports of electronic instruments and machines for measuring geometrical quantities into Azerbaijan soared to X units, growing by 31% against the previous year's figure. In general, imports showed a strong increase. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, geometrical quantities electronic measurer imports totaled $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 106% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Azerbaijan, accounting for a 49% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), fourfold. Turkey (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +47.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+6.7% per year) and Turkey (+3.3% per year).

In value terms, the UK ($X), the United States ($X) and China ($X) appeared to be the largest geometrical quantities electronic measurer suppliers to Azerbaijan, with a combined 57% share of total imports.

Among the main suppliers, China, with a CAGR of +31.9%, saw 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 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, declining by -16% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 94% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained 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 the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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