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Azerbaijan - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Azerbaijan - 2023
Contents:
- Thermostat Price in Azerbaijan (CIF) - 2023
- Thermostat Price in Azerbaijan (FOB) - 2022
- Thermostat Imports in Azerbaijan
- Thermostat Exports in Azerbaijan
Thermostat Price in Azerbaijan (CIF) - 2023
The average thermostat import price stood at $6.6 per unit in July 2023, with a decrease of -10.5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 221% month-to-month. The import price peaked at $17.2 per unit in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($55.4 per unit), while the price for Turkey ($2.8 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Thermostat Price in Azerbaijan (FOB) - 2022
The average thermostat export price stood at $17 per unit in 2022, which is down by -32.2% against the previous year. Over the period under review, the export price recorded a significant decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 524% against the previous year. Over the period under review, the average export prices attained the maximum at $667 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($144 per unit), while the average price for exports to Georgia ($3.7 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 (+11.2%), while the prices for the other major destinations experienced a decline.
Thermostat Imports in Azerbaijan
In 2022, approx. 271K units of thermostats were imported into Azerbaijan; rising by 91% on 2021. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, thermostat imports rose markedly to $1.7M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Thermostat in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 194 | 285 | 296 | 441 | 31.5% |
Italy | 125 | 76.8 | 181 | 236 | 23.6% |
Germany | 122 | 87.7 | 315 | 169 | 11.5% |
South Korea | 47.1 | 40.5 | 58.6 | 126 | 38.8% |
Turkey | 112 | 190 | 129 | 123 | 3.2% |
Russia | 13.3 | 10.4 | 20.5 | 74.0 | 77.2% |
Japan | 16.5 | 14.9 | 29.0 | 45.6 | 40.3% |
Israel | 34.1 | 36.8 | 42.6 | 36.9 | 2.7% |
United Arab Emirates | 119 | 80.4 | 154 | N/A | 13.8% |
Others | 469 | 393 | 328 | 412 | -4.2% |
Total | 1,252 | 1,215 | 1,554 | 1,664 | 9.9% |
Top Suppliers of Thermostat to Azerbaijan in 2022:
- China (192.2K units)
- Russia (24.6K units)
- Turkey (13.1K units)
- Italy (12.1K units)
- South Korea (7.1K units)
- Israel (5.5K units)
- Japan (4.4K units)
- Germany (3.9K units)
Thermostat Exports in Azerbaijan
In 2022, after two years of decline, there was significant growth in overseas shipments of thermostats, when their volume increased by 170% to 346 units. Overall, exports, however, faced a sharp curtailment. Over the period under review, the exports reached the peak figure at 1.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, thermostat exports surged to $5.7K in 2022. Over the period under review, exports, however, faced a sharp shrinkage. Over the period under review, the exports attained the maximum at $37K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Thermostat in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 3.4 | N/A | N/A | 3.5 | 1.0% |
Kazakhstan | N/A | N/A | N/A | 1.4 | 0% |
Georgia | N/A | 0.4 | 0.2 | 0.7 | 32.3% |
United Kingdom | 33.4 | 0.3 | N/A | N/A | -99.1% |
Luxembourg | N/A | 2.0 | 1.8 | N/A | -10.0% |
United States | N/A | 8.5 | 0.3 | N/A | -96.5% |
Others | 0.1 | 0.1 | 0.9 | N/A | 200.0% |
Total | 36.9 | 11.4 | 3.1 | 5.7 | -46.3% |
Top Export Markets for Thermostat from Azerbaijan in 2022:
- Georgia (202.0 units)
- Russia (133.0 units)
- Kazakhstan (10.0 units)
- United Kingdom (1.0 units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- 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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