Azerbaijan: Test And Measurement Market 2024

Test And Measurement Market Size in Azerbaijan

The Azerbaijani test and measurement market skyrocketed to $X in 2022, jumping 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 posted prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Test And Measurement Exports

Exports from Azerbaijan

In 2022, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, test and measurement exports shrank notably to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for test and measurement exports from Azerbaijan, with a X% share of total exports. Moreover, test and measurement exports to the UK exceeded the volume sent to the second major destination, Germany (X units), twofold. Belgium (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, the UK ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average test and measurement export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Belgium ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Azerbaijan

In 2022, test and measurement imports into Azerbaijan surged to X units, growing by X% against the previous year's figure. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, test and measurement imports soared to $X in 2022. In general, imports, however, saw a deep contraction. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest test and measurement supplier to Azerbaijan, with a X% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Russia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, Germany ($X), Japan ($X) and China ($X) constituted the largest test and measurement suppliers to Azerbaijan, together accounting for X% of total imports. Poland, Turkey, Bulgaria and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Bulgaria, with a CAGR of X%, recorded 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 test and measurement import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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