Azerbaijan: Vacuum Cleaner Market 2022

Vacuum Cleaner Market Size in Azerbaijan

The Azerbaijani vacuum cleaner market skyrocketed to $X in 2021, surging 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). Over the period under review, consumption saw a prominent expansion. Vacuum cleaner consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Vacuum Cleaner Exports

Exports from Azerbaijan

In 2021, approx. X tons of vacuum cleaners were exported from Azerbaijan; jumping by X% against the previous year's figure. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, vacuum cleaner exports surged to $X in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for vacuum cleaner exports from Azerbaijan, with a X% share of total exports. Moreover, vacuum cleaner exports to Georgia exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold. The third position in this ranking was occupied by Turkey (X kg), with a X% share.

From 2012 to 2021, 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: Russia (+X% per year) and Turkey (+X% per year).

In value terms, Georgia ($X) emerged as the key foreign market for vacuum cleaner exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

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

Export Prices by Country

In 2021, the average vacuum cleaner export price amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Vacuum Cleaner Imports

Imports into Azerbaijan

In 2021, imports of vacuum cleaners into Azerbaijan soared to X tons, picking up by X% against 2020. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, vacuum cleaner imports skyrocketed to $X in 2021. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, vacuum cleaner imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, 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: Vietnam (+X% per year) and Turkey (+X% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaner to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average vacuum cleaner import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform