Azerbaijan: Gps Navigator Market 2022

Gps Navigator Market Size in Azerbaijan

In 2021, after six years of growth, there was significant decline in the Azerbaijani gps navigator market, when its value decreased by -X% to $X. In general, consumption, however, posted a perceptible increase. Gps navigator consumption peaked at $X in 2020, and then declined markedly in the following year.

Gps Navigator Exports

Exports from Azerbaijan

In 2021, the amount of aeronautical or space navigation instruments and appliances exported from Azerbaijan surged to X units, growing by X% against 2020. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gps navigator exports surged to $X in 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X units) was the main destination for gps navigator exports from Azerbaijan, accounting for a X% share of total exports. Moreover, gps navigator exports to Ukraine exceeded the volume sent to the second major destination, Russia (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the United States (+X% per year).

In value terms, the United States ($X) emerged as the key foreign market for gps navigator exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Italy (+X% per year).

Export Prices by Country

The average gps navigator export price stood at $X per unit in 2021, which is down by -X% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Ukraine ($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 Italy (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Gps Navigator Imports

Imports into Azerbaijan

In 2021, overseas purchases of aeronautical or space navigation instruments and appliances decreased by -X% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, gps navigator imports dropped remarkably to $X in 2021. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, China (X units) constituted the largest gps navigator supplier to Azerbaijan, with a X% share of total imports. Moreover, gps navigator imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X units), threefold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and Poland (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of gps navigator to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Georgia ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (-X% per year) and Ukraine (+X% per year).

Import Prices by Country

In 2021, the average gps navigator import price amounted to $X per unit, falling by -X% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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