Report Update Mar 1, 2025

Azerbaijan - Timers - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Timer Market 2025

Timer Market Size in Azerbaijan

In 2022, the Azerbaijani timer market decreased by -40.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption faced a abrupt downturn. Timer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Timer Production in Azerbaijan

In value terms, timer production reached $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 41%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Timer Exports

Exports from Azerbaijan

In 2022, overseas shipments of timers decreased by -99.4% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2019 when exports increased by 975% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, timer exports contracted markedly to $X in 2022. Over the period under review, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2019 with an increase of 3,635%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The UK (X units) was the main destination for timer exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to -6.7%.

In value terms, the UK ($X) emerged as the key foreign market for timers exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +13.0%.

Export Prices by Country

The average timer export price stood at $X per unit in 2022, shrinking by -45.9% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of 347%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +31.4% per year.

Timer Imports

Imports into Azerbaijan

After three years of growth, overseas purchases of timers decreased by -97.7% to X units in 2022. Over the period under review, imports showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 1,435%. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, timer imports contracted rapidly to $X in 2022. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 1,420% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest timer supplier to Azerbaijan, with a 56% share of total imports. Moreover, timer imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+40.3% per year) and the Netherlands (+1.6% per year).

In value terms, the Netherlands ($X), Malaysia ($X) and China ($X) constituted the largest timer suppliers to Azerbaijan, together comprising 88% of total imports.

Malaysia, with a CAGR of +44.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average timer import price stood at $X per unit in 2022, jumping by 2,462% against the previous year. Overall, the import price, however, saw a mild slump. The import price peaked at $X per unit in 2014; however, from 2015 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 Netherlands ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for timers in the world?

The country with the largest volume of timer consumption was South Africa, comprising approx. 25% of total volume. Moreover, timer consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by China, with a 7.3% share.

What are the largest producers of timers in the world?

China constituted the country with the largest volume of timer production, comprising approx. 46% of total volume. Moreover, timer production in China exceeded the figures recorded by the second-largest producer, France, fourfold. The United States ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of timers to Azerbaijan?

In value terms, South Korea constituted the largest supplier of timer to Azerbaijan, comprising 78% of total imports. The second position in the ranking was occupied by China, with a 6.8% share of total imports.

What are the leading importers of timers from Azerbaijan?

In value terms, the United Arab Emirates remains the key foreign market for timer exports from Azerbaijan.

What is the average export price for timers in Azerbaijan?

In 2021, the average timer export price amounted to $134 per unit, jumping by 17% against the previous year.

What is the average import price for timers in Azerbaijan?

The average timer import price stood at $118 per unit in 2021, reducing by -17.5% against the previous year.

This report provides an in-depth analysis of the timer market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26522810 - Time-registers and time-recorders

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024