Azerbaijan: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Azerbaijan

The Azerbaijani non-combined refrigerator-freezer market declined rapidly to $X in 2022, falling by -23.2% against the previous year. Over the period under review, consumption, however, continues to indicate a measured expansion. Non-combined refrigerator-freezer consumption peaked at $X in 2021, and then declined dramatically in the following year.

Non-Combined Refrigerator-Freezer Production in Azerbaijan

In value terms, non-combined refrigerator-freezer production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Azerbaijan

In 2022, shipments abroad of household refrigerators and freezers (not combined) increased by 1.7% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 616% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, non-combined refrigerator-freezer exports surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 616%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Georgia (X units) was the main destination for non-combined refrigerator-freezer exports from Azerbaijan, accounting for a 92% share of total exports. It was followed by Turkey (X units), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+2.8% per year) and Russia (-34.8% per year).

In value terms, Georgia ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Azerbaijan, comprising 97% of total exports. The second position in the ranking was held by Turkey ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-4.5% per year) and Russia (-33.6% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, surging by 52% against the previous year. In general, the export price saw temperate growth. The most prominent rate of growth was recorded in 2020 an increase of 163% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.9%), while the prices for the other major destinations experienced a decline.

Non-Combined Refrigerator-Freezer Imports

Imports into Azerbaijan

In 2022, imports of household refrigerators and freezers (not combined) into Azerbaijan contracted remarkably to X units, shrinking by -34.1% against 2021. In general, imports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of 182% against the previous year. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, non-combined refrigerator-freezer imports declined rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2014 when imports increased by 200% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Turkey (X units), Russia (X units) and China (X units) were the main suppliers of non-combined refrigerator-freezer imports to Azerbaijan, together accounting for 54% of total imports. Indonesia, India, Iran, Thailand, South Korea and Ukraine lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +134.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Indonesia ($X) and China ($X) constituted the largest non-combined refrigerator-freezer suppliers to Azerbaijan, together accounting for 52% of total imports.

Indonesia, with a CAGR of +137.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, jumping by 21% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-combined refrigerator-freezer import price increased by +62.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 South Korea ($X per unit), while the price for Iran ($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 (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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