Azerbaijan: Radar Apparatus Market 2024

Radar Apparatus Market Size in Azerbaijan

In 2022, the Azerbaijani radar apparatus market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a significant increase. Radar apparatus consumption peaked in 2022 and is expected to retain growth in the near future.

Radar Apparatus Exports

Exports from Azerbaijan

In 2022, radar apparatus exports from Azerbaijan reduced to X units, falling by X% compared with the previous year. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, radar apparatus exports contracted sharply to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for radar apparatus exports from Azerbaijan, accounting for a X% share of total exports. Moreover, radar apparatus exports to France exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a X% share.

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

In value terms, the largest markets for radar apparatus exported from Azerbaijan were the UK ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total exports. The Philippines, France, Estonia and Luxembourg lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded 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

The average radar apparatus export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

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

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Radar Apparatus Imports

Imports into Azerbaijan

In 2022, supplies from abroad of radar apparatus, radio navigational aid apparatus and radio remote control apparatus increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, radar apparatus imports surged to $X in 2022. In general, imports saw a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of radar apparatus imports to Azerbaijan, together accounting for X% of total imports. Lithuania, France and Slovenia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest radar apparatus suppliers to Azerbaijan were Spain ($X), Germany ($X) and France ($X), together accounting for X% of total imports. Lithuania, Slovenia and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Lithuania, 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

In 2022, the average radar apparatus import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price faced a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 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 France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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