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Azerbaijan - Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAzerbaijan: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024
Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Azerbaijan
After two years of growth, the Azerbaijani market for iron or steel gas domestic cooking appliances and plate warmers decreased by -18.3% to $X in 2022. In general, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $X in 2021, and then dropped remarkably in the following year.
Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers
Exports from Azerbaijan
In 2022, exports of iron or steel gas domestic cooking appliances and plate warmers from Azerbaijan dropped significantly to X units, with a decrease of -48.1% compared with the previous year's figure. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 286%. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.
In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers dropped notably to $X in 2022. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 430%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.
Exports by Country
Georgia (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from Azerbaijan, accounting for a 82% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to Georgia exceeded the volume sent to the second major destination, the UK (X units), sixfold.
From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+41.4% per year) and Turkey (-6.7% per year).
In value terms, Georgia ($X) remains the key foreign market for iron or steel gas domestic cooking appliances and plate warmers exports from Azerbaijan, comprising 88% of total exports. The second position in the ranking was held by the UK ($X), with an 11% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+60.3% per year) and Turkey (-15.0% per year).
Export Prices by Country
In 2022, the average export price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, growing by 8.2% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Turkey ($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 Kazakhstan (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers
Imports into Azerbaijan
In 2022, after two years of growth, there was significant decline in supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers, when their volume decreased by -23.1% to X units. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 201% against the previous year. Imports peaked at X units in 2021, and then reduced remarkably in the following year.
In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers contracted to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 98%. Imports peaked at $X in 2021, and then fell in the following year.
Imports by Country
Turkey (X units), China (X units) and Iran (X units) were the main suppliers of imports of iron or steel gas domestic cooking appliances and plate warmers to Azerbaijan, together comprising 97% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +69.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Turkey ($X) and Iran ($X) appeared to be the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to Azerbaijan, with a combined 83% share of total imports.
China, with a CAGR of +72.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, growing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for iron or steel gas domestic cooking appliances and plate warmers 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 27521113 - Iron or steel gas domestic cooking appliances and plate warmers, with an oven (including those with subsidiary boilers for central heating, separate ovens for both gas and other fuels)
- Prodcom 27521115 - Iron or steel gas domestic cooking appliances and plate warmers (including those with subsidiary boilers for central heating, for both gas and other fuels, excluding those with ovens)
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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