Azerbaijan - Multimeters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMultimeter Price in Azerbaijan - 2023
Contents:
- Multimeter Price in Azerbaijan (CIF) - 2022
- Multimeter Price in Azerbaijan (FOB) - 2022
- Multimeter Imports in Azerbaijan
- Multimeter Exports in Azerbaijan
Multimeter Price in Azerbaijan (CIF) - 2022
The average multimeter import price stood at $12 per unit in 2022, declining by -53.5% against the previous year. Overall, the import price saw a deep downturn. The growth pace was the most rapid in 2015 when the average import price increased by 102%. The import price peaked at $96 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($122 per unit), while the price for China ($6.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Multimeter Price in Azerbaijan (FOB) - 2022
The average multimeter export price stood at $99 per unit in 2022, growing by 268% against the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2015 when the average export price increased by 3,246% against the previous year. Over the period under review, the average export prices attained the peak figure at $512 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($256 per unit), while the average price for exports to the UK ($3.1 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 Luxembourg (+286.4%), while the prices for the other major destinations experienced more modest paces of growth.
Multimeter Imports in Azerbaijan
In 2022, the amount of multimeters imported into Azerbaijan surged to 19K units, jumping by 145% on 2021 figures. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, multimeter imports expanded significantly to $231K in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports reached the peak of $320K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Multimeter in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.7 | 33.7 | 40.0 | 72.2 | 15.6% |
| Turkey | 16.5 | 53.8 | 10.7 | 70.8 | 62.5% |
| United States | 36.9 | 29.9 | 23.5 | 24.5 | -12.8% |
| Germany | 0.6 | 7.8 | 24.8 | 15.0 | 192.4% |
| Poland | 0.1 | 1.6 | 0.1 | 5.2 | 273.3% |
| Austria | 16.8 | 70.3 | 81.8 | N/A | 120.7% |
| India | 14.9 | 14.1 | 3.1 | N/A | -54.4% |
| Others | 82.8 | 109 | 18.6 | 43.0 | -19.6% |
| Total | 215 | 320 | 203 | 231 | 2.4% |
Top Suppliers of Multimeter to Azerbaijan in 2022:
- China (11.7K units)
- Turkey (5.6K units)
- Poland (0.4K units)
- Germany (0.3K units)
- United States (0.2K units)
Multimeter Exports in Azerbaijan
In 2022, the amount of multimeters exported from Azerbaijan fell dramatically to 150 units, with a decrease of -41.2% compared with the previous year's figure. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 650% against the previous year. Over the period under review, the exports attained the peak figure at 3.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, multimeter exports surged to $15K in 2022. Over the period under review, exports continue to indicate a dramatic setback. Over the period under review, the exports attained the peak figure at $86K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Multimeter in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 52.0 | N/A | 0.2 | 6.9 | -49.0% |
| Turkey | N/A | N/A | N/A | 3.9 | 0% |
| Romania | N/A | N/A | N/A | 0.9 | 0% |
| Luxembourg | N/A | N/A | 0.5 | 0.5 | 0.0% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| United Kingdom | 5.0 | N/A | N/A | 0.1 | -72.9% |
| Norway | 3.7 | N/A | N/A | N/A | 0% |
| Senegal | N/A | N/A | 5.5 | N/A | 0% |
| Italy | 24.2 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 17.4 | 0.7 | 2.2 | 19.2% |
| Total | 86.3 | 17.4 | 6.9 | 14.8 | -44.4% |
Top Export Markets for Multimeter from Azerbaijan in 2022:
- Turkey (63.0 units)
- Netherlands (54.0 units)
- United Kingdom (16.0 units)
- Luxembourg (5.0 units)
- France (5.0 units)
- Romania (4.0 units)
This report provides an in-depth analysis of the multimeter market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26514310 - Multimeters
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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