Azerbaijan: Fuel Filter Market 2022

Fuel Filter Market Size in Azerbaijan

The Azerbaijani fuel filter market surged to $X in 2021, 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 prominent expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Fuel Filter Exports

Exports from Azerbaijan

In 2021, overseas shipments of oil or petrol-filters for internal combustion engines increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, fuel filter exports surged to $X in 2021. Over the period under review, exports saw a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Georgia (X units) and Iran (X units) were the main destinations of fuel filter exports from Azerbaijan, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Georgia ($X) remains the key foreign market for fuel filter exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by Iran ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+X% per year) and Turkey (X% per year).

Export Prices by Country

The average fuel filter export price stood at $X per unit in 2021, with an increase of X% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iran ($X per unit), while the average price for exports to Turkey ($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 Iran (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Fuel Filter Imports

Imports into Azerbaijan

In 2021, the amount of oil or petrol-filters for internal combustion engines imported into Azerbaijan skyrocketed to X units, growing by X% on the year before. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, fuel filter imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of fuel filter to Azerbaijan, with a X% share of total imports. Moreover, fuel filter imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest fuel filter suppliers to Azerbaijan were China ($X), Turkey ($X) and Germany ($X), together accounting for X% of total imports.

China, with a CAGR of +X%, recorded the highest growth rate of 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 fuel filter import price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform