Azerbaijan: Measuring Instrument Market 2024

Measuring Instrument Market Size in Azerbaijan

The Azerbaijani measuring instrument market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Measuring Instrument Production in Azerbaijan

In value terms, measuring instrument production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X%. Measuring instrument production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Measuring Instrument Exports

Exports from Azerbaijan

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were exported from Azerbaijan; surging by X% compared with 2021. In general, exports enjoyed slight growth. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, measuring instrument exports soared to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for measuring instrument exports from Azerbaijan, accounting for a X% share of total exports. Moreover, measuring instrument exports to France exceeded the volume sent to the second major destination, Denmark (X units), eightfold. Belgium (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Belgium (X% per year).

In value terms, France ($X) emerged as the key foreign market for instruments and apparatus for measuring or checking the flow or level of liquids exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Belgium (X% per year).

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. 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 failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Denmark ($X 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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Azerbaijan

In 2022, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids was finally on the rise to reach X units after two years of decline. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, measuring instrument imports surged to $X in 2022. Over the period under review, imports posted slight growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units), China (X units) and Japan (X units) were the main suppliers of measuring instrument imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Turkey ($X) constituted the largest measuring instrument suppliers to Azerbaijan, together comprising X% of total imports. Italy, the United States, China, Russia and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded 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 measuring instrument import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Japan ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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