Azerbaijan: Sealed Beam Market 2025

Sealed Beam Market Size in Azerbaijan

In 2022, the Azerbaijani sealed beam market decreased by -14.7% to $X, falling for the sixth year in a row after two years of growth. Over the period under review, consumption, however, saw a significant expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Sealed Beam Exports

Exports from Azerbaijan

In 2022, overseas shipments of sealed beam lamp units increased by 3,662% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 4,300% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, sealed beam exports fell remarkably to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 2,928% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Russia (X units) was the main destination for sealed beam exports from Azerbaijan, accounting for a 92% share of total exports. Moreover, sealed beam exports to Russia exceeded the volume sent to the second major destination, Latvia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +14,833.3%.

In value terms, Latvia ($X) and Russia ($X) constituted the largest markets for sealed beam exported from Azerbaijan worldwide.

In terms of the main countries of destination, Latvia, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average sealed beam export price stood at $X per unit in 2022, with a decrease of -99.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 513% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-99.9%).

Sealed Beam Imports

Imports into Azerbaijan

In 2022, purchases abroad of sealed beam lamp units decreased by -14.9% to X units, falling for the sixth year in a row after two years of growth. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 10,430% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sealed beam imports expanded to $X in 2022. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 699%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest sealed beam supplier to Azerbaijan, with a 78% share of total imports. Moreover, sealed beam imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+36.2% per year) and Turkey (+10.5% per year).

In value terms, China ($X), the UK ($X) and Turkey ($X) were the largest sealed beam suppliers to Azerbaijan, together comprising 73% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sealed beam import price stood at $X per unit in 2022, picking up by 22% against the previous year. In general, the import price, however, continues to indicate a sharp reduction. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($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 UK (-15.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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