Azerbaijan: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Azerbaijan

In 2021, the Azerbaijani market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a prominent expansion. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Azerbaijan

Exports of residential, commercial and industrial lighting fixture from Azerbaijan skyrocketed to X units in 2021, picking up by 238% compared with 2020. Overall, exports, however, saw a abrupt setback. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture reduced markedly to $X in 2021. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 111%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Azerbaijan, accounting for a 61% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Russia exceeded the volume sent to the second major destination, Turkmenistan (X units), fivefold. Turkey (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (-18.7% per year) and Turkey (+65.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for residential, commercial and industrial lighting fixture exports from Azerbaijan, comprising 39% of total exports. The second position in the ranking was taken by Turkmenistan ($X), with a 12% share of total exports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (-18.2% per year) and Turkey (+38.1% per year).

Export Prices by Country

In 2021, the average export price for residential, commercial and industrial lighting fixture amounted to $X per unit, with a decrease of -86.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 155%. As a result, the export price attained the peak level of $X per unit, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+24.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Azerbaijan

Imports of residential, commercial and industrial lighting fixture into Azerbaijan soared to X units in 2021, growing by 72% compared with 2020 figures. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 115%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 124% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest residential, commercial and industrial lighting fixture supplier to Azerbaijan, with a 78% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was held by Italy (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +69.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.5% per year) and Italy (+11.1% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Azerbaijan, comprising 53% of total imports. The second position in the ranking was taken by Turkey ($X), with a 26% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +71.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.3% per year) and Italy (+14.6% per year).

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, falling by -1.5% against the previous year. In general, the import price showed a perceptible slump. The growth pace was the most rapid in 2016 an increase of 71% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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