Azerbaijan: Television Receiver Market 2024

Television Receiver Market Size in Azerbaijan

In 2022, the Azerbaijani television receiver market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw significant growth. Television receiver consumption peaked in 2022 and is expected to retain growth in the near future.

Television Receiver Production in Azerbaijan

In value terms, television receiver production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

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Television Receiver Exports

Exports from Azerbaijan

In 2022, shipments abroad of television receivers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, television receiver exports declined markedly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

Georgia (X units) was the main destination for television receiver exports from Azerbaijan, accounting for a X% share of total exports. Moreover, television receiver exports to Georgia exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The UK (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Georgia ($X) remains the key foreign market for television receivers exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Georgia stood at 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).

Export Prices by Country

In 2022, the average television receiver export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to the Netherlands ($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 a decline.

Television Receiver Imports

Imports into Azerbaijan

In 2022, overseas purchases of television receivers were finally on the rise to reach X units after two years of decline. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, television receiver imports expanded markedly to $X in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of television receiver to Azerbaijan, accounting for a X% share of total imports. Moreover, television receiver imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at 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 television receiver suppliers to Azerbaijan were China ($X), Russia ($X) and Uzbekistan ($X), with a combined X% share of total imports.

Russia, with a CAGR of X%, recorded the highest growth rate of 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

The average television receiver import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 attained the maximum at $X per unit in 2021, and then reduced dramatically in the following year.

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 the United Arab Emirates ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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