Azerbaijan: Food Mixer Market 2024

Food Mixer Market Size in Azerbaijan

In 2022, the Azerbaijani food mixer market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, enjoyed a significant increase. Food mixer consumption peaked at $X in 2021, and then contracted in the following year.

Food Mixer Exports

Exports from Azerbaijan

In 2022, the amount of domestic food grinders and mixers and fruit or vegetable juice extractors exported from Azerbaijan skyrocketed to X units, jumping by X% against 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, food mixer exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Georgia (X units) was the main destination for food mixer exports from Azerbaijan, with a X% share of total exports. It was followed by Turkey (X units), with a X% share of total exports.

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

In value terms, Georgia ($X) remains the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, 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: Turkey (X% per year) and Russia (X% per year).

Export Prices by Country

The average food mixer export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, saw modest growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Turkey ($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 mixed trend patterns.

Food Mixer Imports

Imports into Azerbaijan

After six years of growth, overseas purchases of domestic food grinders and mixers and fruit or vegetable juice extractors decreased by X% to X units in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced sharply in the following year.

In value terms, food mixer imports declined to $X in 2022. Overall, imports, however, posted significant growth. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest food mixer supplier to Azerbaijan, with a X% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold. The third position in this ranking was held by Slovenia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Slovenia (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Slovenia (X% per year).

Import Prices by Country

In 2022, the average food mixer import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average 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 Slovenia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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