Azerbaijan: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Azerbaijan

In 2022, the Azerbaijani photo-copying apparatus market increased by 178% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a buoyant increase. Photo-copying apparatus consumption peaked in 2022 and is expected to retain growth in the immediate term.

Photo-Copying Apparatus Exports

Exports from Azerbaijan

Photo-copying apparatus exports from Azerbaijan shrank dramatically to X units in 2022, dropping by -66.7% on 2021. Overall, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 133% against the previous year. The exports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, photo-copying apparatus exports dropped dramatically to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 4,691% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Luxembourg (X units), the Netherlands (X units) and the UK (X units) were the main destinations of photo-copying apparatus exports from Azerbaijan. Moreover, photo-copying apparatus exports in Luxembourg exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X) emerged as the key foreign market for photo-copying apparatus exports from Azerbaijan, comprising 90% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Luxembourg was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and the UK (+33.8% per year).

Export Prices by Country

The average photo-copying apparatus export price stood at $X per unit in 2022, increasing by 64% against the previous year. In general, the export price saw a significant increase. The pace of growth was the most pronounced in 2016 an increase of 1,953%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to the UK ($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 the United Arab Emirates (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Azerbaijan

In 2022, supplies from abroad of photo-copying apparatus increased by 291% to X units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 4,076% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, photo-copying apparatus imports surged to $X in 2022. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 2,020%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest photo-copying apparatus supplier to Azerbaijan, with a 69% share of total imports. Moreover, photo-copying apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+113.0% per year) and Vietnam (+71.9% per year).

In value terms, the United States ($X), China ($X) and Vietnam ($X) were the largest photo-copying apparatus suppliers to Azerbaijan, with a combined 94% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +152.0%, 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

In 2022, the average photo-copying apparatus import price amounted to $X per unit, dropping by -56.4% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 54%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: 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 the United States (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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