Azerbaijan: Market for Machinery for Filtering or Purifying Gases 2024

Market Size for Machinery for Filtering or Purifying Gases in Azerbaijan

The Azerbaijani market for machinery for filtering or purifying gases declined modestly to $X in 2023, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Exports of Machinery for Filtering or Purifying Gases

Exports from Azerbaijan

In 2023, after two years of decline, there was significant growth in shipments abroad of machinery for filtering or purifying gases, when their volume increased by X% to X units. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of machinery for filtering or purifying gases soared to $X in 2023. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X units), Georgia (X units) and Russia (X units) were the main destinations of exports of machinery for filtering or purifying gases from Azerbaijan, with a combined X% share of total exports. The United Arab Emirates, the UK, the United States, Kazakhstan and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for filtering or purifying gases exported from Azerbaijan were the United States ($X), the UK ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average export price for machinery for filtering or purifying gases amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, 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 the United States ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Machinery for Filtering or Purifying Gases

Imports into Azerbaijan

Imports of machinery for filtering or purifying gases into Azerbaijan fell slightly to X units in 2023, with a decrease of X% on the previous year. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of machinery for filtering or purifying gases skyrocketed to $X in 2023. Overall, imports recorded a pronounced decline. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X units) constituted the largest supplier of machinery for filtering or purifying gases to Azerbaijan, with a X% share of total imports. Moreover, imports of machinery for filtering or purifying gases from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the UK (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, the largest machinery for filtering or purifying gases suppliers to Azerbaijan were Turkey ($X), the UK ($X) and Italy ($X), together accounting for X% of total imports. The United States, Germany, China, Russia, France, Poland, Slovakia, South Korea and Serbia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw 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 2023, the average import price for machinery for filtering or purifying gases amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, 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 Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform