Report Update Nov 1, 2024

Azerbaijan - Heat Pumps (Other Than Air Conditioning Machines) - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Heat Pump Market 2024

Heat Pump Market Size in Azerbaijan

After two years of growth, the Azerbaijani heat pump market decreased by -95.9% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Heat Pump Exports

Exports from Azerbaijan

In 2016, overseas shipments of heat pumps (other than air conditioning machines) decreased by -50% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports faced a sharp setback. The most prominent rate of growth was recorded in 2013 with an increase of 25%. As a result, the exports reached the peak of X units. From 2014 to 2016, the growth of the exports failed to regain momentum.

In value terms, heat pump exports declined notably to $X in 2016. Overall, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by 321% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X units) was the main destination for heat pump exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia stood at -19.4%.

In value terms, Georgia ($X) also remains the key foreign market for heat pumps (other than air conditioning machines) exports from Azerbaijan.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia stood at -31.6%.

Export Prices by Country

In 2021, the average heat pump export price amounted to less than $X per unit, almost unchanged from the previous year. In general, the export price faced a dramatic setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 237%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to -14.4% per year.

Heat Pump Imports

Imports into Azerbaijan

In 2021, purchases abroad of heat pumps (other than air conditioning machines) decreased by -95.8% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 203% against the previous year. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, heat pump imports shrank remarkably to $X in 2021. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 172% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then plummeted in the following year.

Imports by Country

Italy (X units), the United Arab Emirates (X units) and Slovenia (X units) were the main suppliers of heat pump imports to Azerbaijan, together accounting for 88% of total imports. These countries were followed by France and Turkey, which together accounted for a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of -11.5%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of heat pumps (other than air conditioning machines) to Azerbaijan, comprising 17% of total imports. The second position in the ranking was held by Slovenia ($X), with a 4.6% share of total imports. It was followed by France, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+0.9% per year) and France (-17.2% per year).

Import Prices by Country

The average heat pump import price stood at $X per unit in 2021, growing by 273% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for heat pumps (other than air conditioning machines) in the world?

The countries with the highest volumes of heat pump consumption in 2020 were China, the United States and India, with a combined 46% share of global consumption. Japan, Indonesia, Mexico, Canada, Germany, Democratic Republic of the Congo, South Korea, France, Thailand and Italy lagged somewhat behind, together comprising a further 30%.

What are the largest producers of heat pumps (other than air conditioning machines) in the world?

The country with the largest volume of heat pump production was China, comprising approx. 30% of total volume. Moreover, heat pump production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.6% share.

What are the leading suppliers of heat pumps (other than air conditioning machines) to Azerbaijan?

In value terms, Italy, Turkey and China appeared to be the largest heat pump suppliers to Azerbaijan, together comprising 95% of total imports.

What are the leading importers of heat pumps (other than air conditioning machines) from Azerbaijan?

In value terms, Georgia $388) remains the key foreign market for heat pump exports from Azerbaijan.

What is the average export price for heat pumps (other than air conditioning machines) in Azerbaijan?

In 2016, the average heat pump export price amounted to $556 per unit, which is down by -28.9% against the previous year.

What is the average import price for heat pumps (other than air conditioning machines) in Azerbaijan?

The average heat pump import price stood at $2,608 per unit in 2020, increasing by 104% against the previous year.

This report provides an in-depth analysis of the heat pump 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 28251380 - Heat pumps other than air conditioning machines of HS

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