Azerbaijan: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Azerbaijan

The Azerbaijani market for central heating boilers, for producing hot water or low pressure steam totaled $X in 2023, increasing by X% against 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). In general, consumption recorded resilient growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Azerbaijan

In 2023, the amount of central heating boilers, for producing hot water or low pressure steam exported from Azerbaijan soared to X units, surging by X% on 2022. Over the period under review, exports, however, faced a abrupt curtailment. The exports peaked at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam soared to $X in 2023. Overall, exports, however, showed a abrupt decline. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Azerbaijan, accounting for a X% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Turkey exceeded the volume sent to the second major destination, Kyrgyzstan (X units), more than tenfold.

From 2017 to 2023, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Russia (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2017 to 2023, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, showed a temperate increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2017 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Azerbaijan

In 2023, the amount of central heating boilers, for producing hot water or low pressure steam imported into Azerbaijan rose to X units, surging by X% compared with the previous year. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam rose markedly to $X in 2023. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and Slovakia (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Azerbaijan, with a combined X% share of total imports.

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

In value terms, the largest central heating boilers, for producing hot water or low pressure steam suppliers to Azerbaijan were China ($X), Turkey ($X) and Slovakia ($X), with a combined X% share of total imports.

China, with a CAGR of X%, 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 central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2023, picking up by X% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform