Key Market Indicators
Azerbaijan's Household Refrigerator Import is set to hit $15.2 million by 2026 from $12.5 million in 2021. This marks an average year-on-year growth rate of 3.4%. Since 2001, demand for refrigerators in the country has grown by 20.3% annually. Azerbaijan was ranked 72nd in 2021, while Sri Lanka had overtaken at $12.5 million. Germany, France and the United Kingdom came in 2nd, 3rd and 4th respectively in the ranking. Azerbaijan's Household Refrigerator Export dropped to $2.1 million in 2019, from $7 million in 2018, a decrease of 70.5% year-on-year. Since 2004, supply has increased by 120.3% annually. Azerbaijan was ranked 100th in 2019, with Senegal overtaking at $2.1 million. Italy, Austria and Mexico took the 2nd, 3rd and 4th spots in the ranking.
