Azerbaijan: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Azerbaijan

The Azerbaijani non-electronic hydro- and hygrometers market reduced to $X in 2021, which is down by -11.1% 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). Over the period under review, consumption, however, recorded a resilient increase. Non-electronic hydro- and hygrometers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Azerbaijan

Non-electronic hydro- and hygrometers exports from Azerbaijan fell notably to X units in 2021, waning by -95.7% on 2020 figures. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 1,467%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports fell sharply to $X in 2021. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 11,180%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) and the UK (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Azerbaijan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%).

In value terms, the Netherlands ($X) emerged as the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Azerbaijan, comprising 91% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +11,438.0%.

Export Prices by Country

In 2021, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, picking up by 1,826% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 4,812% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the UK amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+137,771.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Azerbaijan

In 2021, approx. X units of non-electronic hydro-, hygro-, psychrometers were imported into Azerbaijan; falling by -12.9% on 2020. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 492%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers imports rose markedly to $X in 2021. In general, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2016 with an increase of 202%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Turkey (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to Azerbaijan, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +95.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United Arab Emirates ($X) and China ($X) appeared to be the largest non-electronic hydro- and hygrometers suppliers to Azerbaijan, with a combined 45% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +69.9%, recorded the highest rates of growth with regard to 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

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, rising by 24% against the previous year. Overall, the import price, however, faced a abrupt downturn. The growth pace was the most rapid in 2014 when the average import price increased by 46%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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