Azerbaijan: Hvac Equipment Market 2024

Hvac Equipment Market Size in Azerbaijan

The Azerbaijani HVAC equipment market soared to $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate buoyant growth. Consumption peaked in 2022 and is expected to retain growth in the near future.

Hvac Equipment Production in Azerbaijan

In value terms, HVAC equipment production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Azerbaijan

In 2022, after two years of growth, there was significant decline in shipments abroad of HVAC equipment, when their volume decreased by X% to X units. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, HVAC equipment exports dropped sharply to $X in 2022. Over the period under review, exports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X units), the UK (X units) and Ukraine (X units) were the main destinations of HVAC equipment exports from Azerbaijan, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Georgia ($X) and France ($X) constituted the largest markets for HVAC equipment exported from Azerbaijan worldwide, with a combined X% share of total exports. Russia, Luxembourg, Kazakhstan, Ukraine and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average HVAC equipment export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price posted a significant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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

Hvac Equipment Imports

Imports into Azerbaijan

HVAC equipment imports into Azerbaijan amounted to X units in 2022, picking up by X% compared with 2021 figures. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, HVAC equipment imports soared to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to Azerbaijan, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Thailand (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Portugal ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform