Azerbaijan: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Azerbaijan

The Azerbaijani market for residential, commercial and industrial lighting fixture skyrocketed to $X in 2021, with an increase of 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). In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Azerbaijan

In 2021, the amount of residential, commercial and industrial lighting fixture exported from Azerbaijan fell rapidly to X units, declining by X% compared with 2020. In general, exports continue to indicate a significant decline. The exports peaked at X units in 2020, and then contracted markedly in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture reduced dramatically to $X in 2021. Over the period under review, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Russia (X units), Turkey (X units) and the United States (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Azerbaijan, together comprising X% of total exports. Moreover, exports of residential, commercial and industrial lighting fixture in Russia exceeded the figures recorded by the second-largest exporter, Turkey, fourfold.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for residential, commercial and industrial lighting fixture exported from Azerbaijan were Russia ($X), the United States ($X) and Turkey ($X), together accounting for X% of total exports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, declining by X% against the previous year. Overall, the export price, however, recorded a significant increase. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then shrank markedly in the following year.

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

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Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Azerbaijan

Imports of residential, commercial and industrial lighting fixture into Azerbaijan surged to X units in 2021, rising by X% against 2020 figures. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Azerbaijan, with a combined X% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, Turkey, fivefold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture suppliers to Azerbaijan were China ($X), Turkey ($X) and Italy ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for residential, commercial and industrial lighting fixture amounted to less than $X per unit, waning by X% against the previous year. In general, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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