Azerbaijan: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Azerbaijan

The Azerbaijani market for parts of apparatus of hs rose remarkably to $X in 2021, increasing by 11% 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, showed a strong expansion. Parts of apparatus of hs consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Parts Of Apparatus Of Hs

Exports from Azerbaijan

In 2021, shipments abroad of parts of apparatus of hs decreased by -2.7% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 4,141%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, parts of apparatus of hs exports skyrocketed to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 644%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X units) was the main destination for parts of apparatus of hs exports from Azerbaijan, with a 56% share of total exports. Moreover, parts of apparatus of hs exports to the Czech Republic exceeded the volume sent to the second major destination, France (X units), sevenfold. The third position in this ranking was taken by Russia (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +142.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.3% per year) and Russia (+56.8% per year).

In value terms, the Czech Republic ($X), the UK ($X) and Georgia ($X) appeared to be the largest markets for parts of apparatus of hs exported from Azerbaijan worldwide, together accounting for 52% of total exports. These countries were followed by France, Russia, the United States and the Netherlands, which together accounted for a further 14%.

Russia, with a CAGR of +133.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, rising by 121% against the previous year. Overall, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 1,944%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the Czech Republic ($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 Georgia (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Parts Of Apparatus Of Hs

Imports into Azerbaijan

In 2021, purchases abroad of parts of apparatus of hs decreased by -0.9% to X units for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 119% against the previous year. Imports peaked at X units in 2020, and then declined slightly in the following year.

In value terms, parts of apparatus of hs imports soared to $X in 2021. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 81%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to Azerbaijan, with a 63% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+7.1% per year) and Vietnam (+233.8% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Azerbaijan, comprising 56% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +44.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.1% per year) and Vietnam (+215.6% per year).

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, jumping by 31% against the previous year. Over the period under review, the import price saw perceptible growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 121% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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