Report Update Apr 1, 2024

Azerbaijan - Isolating Switches & Make-And-Break Switches - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Isolating Switch Market 2024

Isolating Switch Market Size in Azerbaijan

After two years of decline, the Azerbaijani isolating switch market increased by 76% to $X in 2022. Overall, consumption, however, recorded a slight reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Isolating Switch Exports

Exports from Azerbaijan

In 2022, shipments abroad of isolating switches & make-and-break switches was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant expansion. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports surged to $X in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for isolating switch exports from Azerbaijan, with a 76% share of total exports. Moreover, isolating switch exports to Turkey exceeded the volume sent to the second major destination, Belarus (X units), threefold.

From 2013 to 2022, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for isolating switches & make-and-break switches exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was held by Belarus ($X), with a 16% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

The average isolating switch export price stood at $X per unit in 2022, jumping by 113% against the previous year. In general, the export price showed significant growth. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 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 Turkey ($X per unit), while the average price for exports to Belarus totaled $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+75.9%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Azerbaijan

In 2022, after two years of decline, there was significant growth in supplies from abroad of isolating switches & make-and-break switches, when their volume increased by 71% to X units. Overall, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of 95%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, isolating switch imports skyrocketed to $X in 2022. In general, imports, however, showed a mild decline. The pace of growth appeared the most rapid in 2018 when imports increased by 100% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of isolating switch to Azerbaijan, accounting for a 54% share of total imports. Moreover, isolating switch imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. India (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.6% per year) and India (+31.0% per year).

In value terms, Turkey ($X), Italy ($X) and India ($X) constituted the largest isolating switch suppliers to Azerbaijan, with a combined 96% share of total imports.

In terms of the main suppliers, India, with a CAGR of +37.4%, saw the highest growth rate of 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

The average isolating switch import price stood at $X per unit in 2022, surging by 7.5% against the previous year. Overall, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, 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 Germany ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for isolating switches & make-and-break switches in the world?

The countries with the highest volumes of consumption in 2022 were Slovakia, China and Nigeria, together accounting for 39% of global consumption.

What are the largest producers of isolating switches & make-and-break switches in the world?

China constituted the country with the largest volume of isolating switch production, accounting for 32% of total volume. Moreover, isolating switch production in China exceeded the figures recorded by the second-largest producer, Slovakia, twofold. The third position in this ranking was held by Italy, with a 9.4% share.

What are the leading suppliers of isolating switches & make-and-break switches to Azerbaijan?

In value terms, the largest isolating switch suppliers to Azerbaijan were Turkey, Italy and India, with a combined 96% share of total imports.

What are the leading importers of isolating switches & make-and-break switches from Azerbaijan?

In value terms, Turkey emerged as the key foreign market for isolating switches & make-and-break switches exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was taken by Belarus, with a 16% share of total exports.

What is the average export price for isolating switches & make-and-break switches in Azerbaijan?

In 2022, the average isolating switch export price amounted to $21 per unit, surging by 113% against the previous year.

What is the average import price for isolating switches & make-and-break switches in Azerbaijan?

The average isolating switch import price stood at $14 per unit in 2022, with an increase of 7.5% against the previous year.

This report provides an in-depth analysis of the isolating switch 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 27121030 - Isolating switches and make-and-break switches

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023