Azerbaijan: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Azerbaijan

The Azerbaijani electrical circuit apparatus market expanded markedly to $X in 2021, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in Azerbaijan

In value terms, electrical circuit apparatus production amounted to $X in 2021 estimated in export price. In general, production, however, saw a drastic downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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Electrical Circuit Apparatus Exports

Exports from Azerbaijan

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection decreased by X% to X units, falling for the second year in a row after four years of growth. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. In general, exports, however, enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), Brazil (X units) and Kazakhstan (X units) were the main destinations of electrical circuit apparatus exports from Azerbaijan, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical circuit apparatus exported from Azerbaijan were Russia ($X), the UK ($X) and Brazil ($X), together comprising X% of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Azerbaijan

In 2021, overseas purchases of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, electrical circuit apparatus imports stood at $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and India (X units) were the main suppliers of electrical circuit apparatus imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and India ($X) appeared to be the largest electrical circuit apparatus suppliers to Azerbaijan, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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