Azerbaijan: Market for Machinery for Filtering or Purifying Gases 2024

Market Size for Machinery for Filtering or Purifying Gases in Azerbaijan

The Azerbaijani market for machinery for filtering or purifying gases rose to $X in 2022, growing 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). Overall, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Machinery for Filtering or Purifying Gases

Exports from Azerbaijan

In 2022, overseas shipments of machinery for filtering or purifying gases decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of machinery for filtering or purifying gases contracted markedly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X units), Russia (X units) and Belarus (X units) were the main destinations of exports of machinery for filtering or purifying gases from Azerbaijan, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for machinery for filtering or purifying gases exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Georgia ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average export price for machinery for filtering or purifying gases amounted to $X per unit, growing by X% against the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Georgia ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Filtering or Purifying Gases

Imports into Azerbaijan

In 2022, the amount of machinery for filtering or purifying gases imported into Azerbaijan rose rapidly to X units, growing by X% compared with the year before. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of machinery for filtering or purifying gases dropped significantly to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest machinery for filtering or purifying gases supplier to Azerbaijan, with a X% share of total imports. Moreover, imports of machinery for filtering or purifying gases from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Russia (X units), with a X% share.

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

In value terms, the largest machinery for filtering or purifying gases suppliers to Azerbaijan were Turkey ($X), China ($X) and the UK ($X), with a combined X% share of total imports. The United States, Germany and Russia lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machinery for filtering or purifying gases stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($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

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