Azerbaijan: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Azerbaijan

The Azerbaijani market for wiring sets used in vehicles, aircraft or ships soared to $X in 2022, surging by 94% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Azerbaijan

In 2022, exports of wiring sets used in vehicles, aircraft or ships from Azerbaijan declined markedly to X kg, dropping by -98.8% against the previous year. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 32,130%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, exports of wiring sets used in vehicles, aircraft or ships dropped notably to $X in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by 40,840%. Over the period under review, the exports of reached the maximum at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

The United States (X kg) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Azerbaijan, accounting for a 48% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to the United States exceeded the volume sent to the second major destination, Russia (X kg), fourfold. The third position in this ranking was held by the Netherlands (X kg), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+220.2% per year) and the Netherlands (+533.3% per year).

In value terms, Russia ($X), the United States ($X) and Belgium ($X) were the largest markets for wiring sets used in vehicles, aircraft or ships exported from Azerbaijan worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +100.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, rising by 534% against the previous year. In general, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 703%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+37.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Azerbaijan

In 2022, overseas purchases of wiring sets used in vehicles, aircraft or ships increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2016 with an increase of 113% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 108%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to Azerbaijan, with a 56% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +66.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+278.1% per year) and Turkey (-3.9% per year).

In value terms, Israel ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Azerbaijan, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 9.4% share of total imports. It was followed by Russia, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from Israel stood at +279.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.4% per year) and Russia (+113.0% per year).

Import Prices by Country

The average import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, rising by 25% against the previous year. Over the period under review, the import price posted temperate growth. The growth pace was the most rapid in 2013 an increase of 157%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Israel ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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