Azerbaijan: Refrigerator And Freezer Market 2025

Refrigerator And Freezer Market Size in Azerbaijan

The Azerbaijani refrigerator and freezer market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a pronounced expansion. As a result, consumption reached the peak level of $X, and then fell in the following year.

Refrigerator And Freezer Production in Azerbaijan

In value terms, refrigerator and freezer production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Refrigerator And Freezer Exports

Exports from Azerbaijan

In 2022, the amount of refrigerators and freezers exported from Azerbaijan skyrocketed to X units, growing by X% against the year before. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, refrigerator and freezer exports soared to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Georgia (X units) was the main destination for refrigerator and freezer exports from Azerbaijan, with a X% share of total exports. Moreover, refrigerator and freezer exports to Georgia exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. Russia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Russia (X% per year).

In value terms, Georgia ($X) remains the key foreign market for refrigerators and freezers exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average refrigerator and freezer export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price saw a pronounced increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to the UK ($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 Ukraine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerator And Freezer Imports

Imports into Azerbaijan

In 2022, imports of refrigerators and freezers into Azerbaijan reduced dramatically to X units, declining by X% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, refrigerator and freezer imports fell to $X in 2022. In general, imports, however, recorded noticeable growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Russia (X units), Turkey (X units) and Thailand (X units) were the main suppliers of refrigerator and freezer imports to Azerbaijan, with a combined X% share of total imports. China, Indonesia, Uzbekistan, India, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest refrigerator and freezer suppliers to Azerbaijan were Thailand ($X), Turkey ($X) and Russia ($X), with a combined X% share of total imports. China, Indonesia, India, Uzbekistan, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, 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 refrigerator and freezer import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Ukraine ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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