Azerbaijan: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Azerbaijan

In 2022, after two years of growth, there was decline in the Azerbaijani market for non-domestic percolators and equipment for cooking or heating food, when its value decreased by -1.7% to $X. Overall, consumption enjoyed prominent growth. Consumption of peaked at $X in 2021, and then reduced slightly in the following year.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Azerbaijan

In 2022, overseas shipments of non-domestic percolators and equipment for cooking or heating food decreased by -77.1% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 577%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food skyrocketed to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 223%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X units), the UK (X units) and the United States (X units) were the main destinations of exports of non-domestic percolators and equipment for cooking or heating food from Azerbaijan, with a combined 91% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food in Russia exceeded the figures recorded by the second-largest exporter, the UK, twofold.

From 2013 to 2022, the biggest increases were recorded for the UK (with a CAGR of +6.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-domestic percolators and equipment for cooking or heating food exported from Azerbaijan were the UK ($X), Russia ($X) and Georgia ($X), together comprising 100% of total exports.

Among the main countries of destination, the UK, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, rising by 503% against the previous year. Over the period under review, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Georgia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+217.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Azerbaijan

Imports of non-domestic percolators and equipment for cooking or heating food into Azerbaijan totaled X units in 2022, picking up by 3.5% against the previous year's figure. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 179% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food shrank to $X in 2022. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 139%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to Azerbaijan, with a 61% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +76.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.4% per year) and Italy (-2.7% per year).

In value terms, the largest non-domestic percolators and equipment for cooking or heating food suppliers to Azerbaijan were Turkey ($X), Italy ($X) and the United States ($X), with a combined 69% share of total imports. Germany, China, India, France and Russia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, India, with a CAGR of +190.9%, 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 import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, shrinking by -13.7% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 65% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform