Azerbaijan: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Azerbaijan

In 2021, the Azerbaijani transmission apparatus market increased by 5.4% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption recorded a significant expansion. Transmission apparatus consumption peaked in 2021 and is likely to see gradual growth in the near future.

Transmission Apparatus Exports

Exports from Azerbaijan

In 2021, the amount of transmission apparatus incorporating reception apparatus exported from Azerbaijan skyrocketed to X kg, picking up by 955% on 2020. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 64,020%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, transmission apparatus exports surged to $X in 2021. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 42,602%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ukraine (X kg) was the main destination for transmission apparatus exports from Azerbaijan, with a 79% share of total exports. Moreover, transmission apparatus exports to Ukraine exceeded the volume sent to the second major destination, the Czech Republic (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Ukraine amounted to +265.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+70.5% per year) and Kazakhstan (+45.0% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for transmission apparatus incorporating reception apparatus exports from Azerbaijan, comprising 71% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 25% share of total exports. It was followed by Kazakhstan, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine totaled +504.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+31.8% per year) and Kazakhstan (+581.6% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, reducing by -18.8% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by 110% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+65.6%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Azerbaijan

In 2021, supplies from abroad of transmission apparatus incorporating reception apparatus increased by 0.5% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports saw resilient growth. The growth pace was the most rapid in 2016 when imports increased by 210% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, transmission apparatus imports rose rapidly to $X in 2021. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of 344%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of transmission apparatus to Azerbaijan, accounting for a 51% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+54.0% per year) and the United Arab Emirates (+1.9% per year).

In value terms, the largest transmission apparatus suppliers to Azerbaijan were China ($X), Vietnam ($X) and the United Arab Emirates ($X), together accounting for 91% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +95.4%, 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 more modest paces of growth.

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the import price showed a strong expansion. The growth pace was the most rapid in 2015 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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