Report Update Nov 1, 2024

Azerbaijan - Parts of Boilers for Central Heating - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Boiler Parts Market 2024

Boiler Parts Market Size in Azerbaijan

The Azerbaijani boiler parts market contracted notably to $X in 2021, declining by -44.2% 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). In general, consumption saw a abrupt descent. Boiler parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Boiler Parts Exports

Exports from Azerbaijan

In 2021, overseas shipments of parts of boilers for central heating decreased by -24.6% to X kg for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. The exports peaked at X kg in 2020, and then shrank significantly in the following year.

In value terms, boiler parts exports shrank to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 32%. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Russia (X kg) was the main destination for boiler parts exports from Azerbaijan, with a 91% share of total exports. Moreover, boiler parts exports to Russia exceeded the volume sent to the second major destination, Georgia (X kg), tenfold.

From 2017 to 2021, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, the largest markets for boiler parts exported from Azerbaijan were Russia ($X) and Georgia ($X).

Georgia, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, surging by 31% against the previous year. Overall, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+62.3%).

Boiler Parts Imports

Imports into Azerbaijan

Boiler parts imports into Azerbaijan plummeted to X tons in 2021, declining by -56% against 2020 figures. Overall, imports showed a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 113%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, boiler parts imports shrank notably to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Slovakia (X tons) were the main suppliers of boiler parts imports to Azerbaijan, with a combined 78% 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 Slovakia (with a CAGR of +4.3%), while imports for the other leaders experienced a decline.

In value terms, the largest boiler parts suppliers to Azerbaijan were China ($X), Turkey ($X) and Slovakia ($X), together accounting for 57% of total imports. These countries were followed by Italy, Germany and Poland, which together accounted for a further 12%.

Among the main suppliers, Italy, with a CAGR of +9.8%, 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 2021, the average boiler parts import price amounted to $X per ton, with an increase of 80% against the previous year. In general, the import price saw a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 81% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+21.4%), 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 parts of boilers for central heating in the world?

The countries with the highest volumes of boiler parts consumption in 2020 were the United States, China and India, with a combined 49% share of global consumption. These countries were followed by Brazil, Japan, Indonesia, the UK, Germany, Nigeria, Mexico, France, the Netherlands and Iran, which together accounted for a further 25%.

What are the largest producers of parts of boilers for central heating in the world?

The countries with the highest volumes of boiler parts production in 2020 were the United States, China and India, together comprising 51% of global production. These countries were followed by Brazil, Japan, Indonesia, Nigeria, Mexico, France, Italy, Iran, Germany and Slovakia, which together accounted for a further 23%.

What are the leading suppliers of parts of boilers for central heating to Azerbaijan?

In value terms, Turkey constituted the largest supplier of boiler parts to Azerbaijan, comprising 72% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports. It was followed by Slovakia, with a 7.4% share.

What is the average export price for parts of boilers for central heating in Azerbaijan?

In 2020, the average boiler parts export price amounted to $20,723 per ton, remaining relatively unchanged against the previous year.

What is the average import price for parts of boilers for central heating in Azerbaijan?

The average boiler parts import price stood at $5,382 per ton in 2020, shrinking by -55.1% against the previous year.

This report provides an in-depth analysis of the boiler parts 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 25211300 - Parts of boilers for central heating

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