Azerbaijan: Radar Apparatus Market 2022

Radar Apparatus Market Size in Azerbaijan

In 2021, the Azerbaijani radar apparatus market decreased by -41.9% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Radar Apparatus Exports

Exports from Azerbaijan

In 2021, overseas shipments of radar apparatus decreased by -84.2% to X kg, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 847%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, radar apparatus exports dropped significantly to $X in 2021. Over the period under review, exports, however, saw a modest increase. The pace of growth appeared the most rapid in 2018 when exports increased by 779% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for radar apparatus exports from Azerbaijan, with a 72% share of total exports. Moreover, radar apparatus exports to the UK exceeded the volume sent to the second major destination, Luxembourg (X kg), fivefold. Lithuania (X kg) ranked third in terms of total exports with a 6.7% share.

From 2015 to 2021, the average annual growth rate of volume to the UK amounted to +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+171.4% per year) and Lithuania (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for radar apparatus exports from Azerbaijan, comprising 86% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 6.8% share of total exports. It was followed by France, with a 4.3% share.

From 2015 to 2021, the average annual rate of growth in terms of value to the UK amounted to +111.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+205.7% per year) and France (-10.9% per year).

Export Prices by Country

The average radar apparatus export price stood at $X per ton in 2021, jumping by 21% against the previous year. In general, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2017 an increase of 130%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Radar Apparatus Imports

Imports into Azerbaijan

In 2021, purchases abroad of radar apparatus decreased by -65.7% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted a slight increase. The pace of growth was the most pronounced in 2013 when imports increased by 2,010%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, radar apparatus imports dropped notably to $X in 2021. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 2,352% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of radar apparatus to Azerbaijan, accounting for a 53% share of total imports. Moreover, radar apparatus imports from Norway exceeded the figures recorded by the second-largest supplier, Japan (X kg), twofold. The third position in this ranking was held by Germany (X kg), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from Norway totaled +118.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+31.4% per year) and Germany (+19.8% per year).

In value terms, the largest radar apparatus suppliers to Azerbaijan were Norway ($X), the United States ($X) and Japan ($X), together accounting for 51% of total imports.

Norway, with a CAGR of +120.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 radar apparatus import price amounted to $X per ton, with an increase of 128% against the previous year. In general, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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