Azerbaijan: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Azerbaijan

The Azerbaijani electric oven and cooker market contracted to $X in 2022, shrinking by X% 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, however, enjoyed a significant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Azerbaijan

In 2022, approx. X units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were exported from Azerbaijan; with a decrease of X% compared with the previous year. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, electric oven and cooker exports plummeted to $X in 2022. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X units), Georgia (X units) and Luxembourg (X units) were the main destinations of electric oven and cooker exports from Azerbaijan, with a combined X% share of total exports. Russia, Hong Kong SAR, Sri Lanka, the Netherlands and Angola lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X), Hong Kong SAR ($X) and Georgia ($X) appeared to be the largest markets for electric oven and cooker exported from Azerbaijan worldwide, with a combined X% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw 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 electric oven and cooker export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price posted a pronounced expansion. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Azerbaijan

In 2022, electric oven and cooker imports into Azerbaijan plummeted to X units, which is down by X% on the previous year. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell markedly in the following year.

In value terms, electric oven and cooker imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Turkey (X units), China (X units) and Uzbekistan (X units) were the main suppliers of electric oven and cooker imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :