Azerbaijan: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Azerbaijan

The Azerbaijani electrical signalling apparatus market dropped to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Electrical Signalling Apparatus Production in Azerbaijan

In value terms, electrical signalling apparatus production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Azerbaijan

In 2022, overseas shipments of electrical apparatus for sound or visual signalling decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical signalling apparatus exports reduced sharply to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for electrical signalling apparatus exports from Azerbaijan, with a X% share of total exports. Moreover, electrical signalling apparatus exports to Russia exceeded the volume sent to the second major destination, the UK (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%.

In value terms, Russia ($X) and the UK ($X) appeared to be the largest markets for electrical signalling apparatus exported from Azerbaijan worldwide.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%).

Electrical Signalling Apparatus Imports

Imports into Azerbaijan

In 2022, electrical signalling apparatus imports into Azerbaijan skyrocketed to X units, rising by X% on 2021. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, electrical signalling apparatus imports soared to $X in 2022. Overall, imports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to Azerbaijan, with a X% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold. The third position in this ranking was taken by Iran (X units), with a X% share.

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

In value terms, China ($X), Turkey ($X) and Australia ($X) appeared to be the largest electrical signalling apparatus suppliers to Azerbaijan, with a combined X% share of total imports. Iran lagged somewhat behind, accounting for a further X%.

Among the main suppliers, Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 electrical signalling apparatus import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price recorded a significant curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Australia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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