Azerbaijan - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCommercial Refrigeration Equipment Price in Azerbaijan - 2023
Contents:
- Commercial Refrigeration Equipment Price in Azerbaijan (CIF) - 2022
- Commercial Refrigeration Equipment Price in Azerbaijan (FOB) - 2022
- Commercial Refrigeration Equipment Imports in Azerbaijan
- Commercial Refrigeration Equipment Exports in Azerbaijan
Commercial Refrigeration Equipment Price in Azerbaijan (CIF) - 2022
In 2022, the average commercial refrigeration equipment import price amounted to $173 per unit, waning by -15.9% against the previous year. Overall, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53%. Over the period under review, average import prices reached the maximum at $283 per unit in 2017; however, from 2018 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 Russia ($553 per unit), while the price for Austria ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Refrigeration Equipment Price in Azerbaijan (FOB) - 2022
In 2022, the average commercial refrigeration equipment export price amounted to $114 per unit, reducing by -79.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,643%. The export price peaked at $1,314 per unit in 2013; however, from 2014 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 Georgia ($312 per unit), while the average price for exports to Iran ($12 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 the United States (+62.6%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Imports in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in supplies from abroad of refrigerating and freezing equipment and heat pumps (except household type equipment), which increased by 29% to 227K units in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 57% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, commercial refrigeration equipment imports rose markedly to $39M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 38%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
Import of Commercial Refrigeration Equipment in Azerbaijan (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 12.6 | 14.2 | 12.4 | 19.9 | 16.5% |
Italy | 2.2 | 3.1 | 6.4 | 5.1 | 32.3% |
Austria | 0.5 | 0.5 | 2.4 | 3.4 | 89.5% |
Russia | 0.7 | 5.2 | 6.3 | 3.3 | 67.7% |
Slovenia | 1.1 | 2.4 | 0.4 | 2.2 | 26.0% |
France | 1.4 | 0.9 | 1.2 | 1.7 | 6.7% |
China | 0.7 | 1.3 | 2.6 | 1.5 | 28.9% |
Mexico | 0.7 | 0.4 | 0.3 | 0.5 | -10.6% |
United States | 1.5 | 0.3 | 1.1 | 0.2 | -48.9% |
Others | 2.7 | 4.7 | 3.3 | 1.6 | -16.0% |
Total | 24.1 | 33.1 | 36.3 | 39.4 | 17.8% |
Top Suppliers of Commercial Refrigeration Equipment to Azerbaijan in 2022:
- Turkey (90.9K units)
- Austria (62.2K units)
- Italy (32.0K units)
- Slovenia (9.2K units)
- China (8.7K units)
- France (8.1K units)
- Russia (6.1K units)
- Mexico (2.6K units)
- United States (0.8K units)
Commercial Refrigeration Equipment Exports in Azerbaijan
In 2022, commercial refrigeration equipment exports from Azerbaijan stood at 1.6K units, rising by 3.3% on the year before. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. The exports peaked at 2.8K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, commercial refrigeration equipment exports fell markedly to $187K in 2022. Overall, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year. The exports peaked at $879K in 2021, and then contracted rapidly in the following year.
Export of Commercial Refrigeration Equipment in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | 10.4 | 97.7 | 839.4% |
Georgia | 0.7 | 0.2 | 0.1 | 49.3 | 313.0% |
Iran | N/A | N/A | N/A | 9.1 | 0% |
United Kingdom | 101 | 1.6 | N/A | 9.0 | -55.3% |
Kazakhstan | 0.3 | N/A | 2.8 | 8.2 | 201.2% |
Romania | N/A | N/A | N/A | 4.9 | 0% |
United States | 482 | 805 | 811 | N/A | 29.7% |
Others | 31.1 | 3.8 | 55.1 | 8.9 | -34.1% |
Total | 616 | 810 | 879 | 187 | -32.8% |
Top Export Markets for Commercial Refrigeration Equipment from Azerbaijan in 2022:
- Iran (761.0 units)
- Russia (478.0 units)
- Georgia (158.0 units)
- United Kingdom (155.0 units)
- Romania (35.0 units)
- Kazakhstan (34.0 units)
This report provides an in-depth analysis of the commercial refrigeration equipment 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
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
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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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In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
In 2016, the amount of refrigerator imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over t...
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