Marktforschung in Aserbaidschan

Azerbaijan’s diverse economy and strategic location make it an attractive market for businesses. To succeed, companies must rely on Marktforschung to fully understand their market dynamics.

Expanding into Azerbaijan requires a thorough understanding of its consumer behavior and economic landscape. So, market research in Azerbaijan provides the critical insights needed to make strategic decisions in this growing market.

What is Market Research in Azerbaijan?

Market research in Azerbaijan allows businesses to gain insights into consumer behavior, market trends, and the competitive landscape. This research is critical for companies to tailor their strategies and products to meet the specific needs of Azerbaijani consumers while navigating the local regulatory environment. Additionally, market research in Azerbaijan helps businesses identify emerging opportunities in non-oil sectors, such as technology and tourism, which are gaining traction as the country seeks to diversify its economy.

Why Do Businesses Need Market Research in Azerbaijan?

The goal of market research in Azerbaijan is to understand consumer behavior. Azerbaijani consumers are becoming more diverse in their preferences, especially in urban centers like Baku, where a growing middle class is driving demand for higher-quality goods and services. By conducting market research, businesses can tailor their offerings to meet these evolving demands.

Moreover, market research in Azerbaijan helps companies identify opportunities in emerging industries such as agriculture, tourism, and technology. As Azerbaijan seeks to lessen its dependence on natural resources, these sectors are becoming increasingly important. Thorough market research enables businesses to capitalize on these growth areas while minimizing risks.

Unser aktueller Marktüberblick und unsere Empfehlungen

Through our market research in Azerbaijan, we recommend that businesses focus on the growing demand in sectors like technology and agriculture, where modernization and innovation are driving growth. We believe that partnering with local entities is crucial to overcoming regulatory challenges and gaining a deeper understanding of the market.

Furthermore, market research in Azerbaijan reveals that consumers are increasingly seeking quality products and services, particularly in urban areas. We recommend that businesses offering premium goods or services focus their efforts on cities like Baku, where the middle class is growing rapidly and demanding more sophisticated offerings.

Tourismus als boomende Branche

Tourists can’t stay away from Azerbaijan. The medieval architecture is like pollen for tourists, who marvel at its beauty. The buildings have earned many titles worldwide.

Baku is the capital of Azerbaijan. It has a unique culture with influences from the Soviet and Ottoman pasts. In 2000, UNESCO listed Maiden Tower and Shirvanshah’s Palace as world heritage sites. Many tourists visit them to see their historical monuments. According to Lonely Planet, Baku is a top-ten destination for urban nightlife.

Der Khanpalast ist ein persisches Architekturgebäude in Sheki. Dieser Palast hat wunderschöne Buntglasfenster mit einzigartigen Mustern. Die Architektin Gulnara Mehmandarova hat ihn am 7. Juli 2019 in die Liste des Weltkulturerbes aufgenommen.

Handel und Investitionen

Azerbaijan’s private consumption expenditures increased in September 2020. Exports include iron, machinery, petroleum, natural gas, food, nonferrous metals, and chemicals.

Zu den Importen zählen Maschinen, Nahrungsmittel und Getränke, Eisen und Stahl, Fleisch und Milch.

Handelspartner Aserbaidschans sind die Türkei, Russland, Italien und China.

Foreign direct investment (FDI) has grown in Azerbaijan. The significant FDI growth is from the gas and oil sectors. Yet, the non-oil FDI production has also seen steady growth. The services sector has seen new investments, especially in business and retail services.

Most of the new investment projects are in manufacturing and extraction. Even though non-oil investments are rising, there are attractions elsewhere for the FDI. Azerbaijan needs to diversify its economy if it wants more leverage. In that way, FDI will be able to support small and medium enterprise development. There needs to be a linkage between regional and global production networks. Azerbaijan can do it by attracting production-related devices and manufacturing activities.

Über SIS International

SIS International bietet quantitative, qualitative und strategische Forschung an. Wir liefern Daten, Tools, Strategien, Berichte und Erkenntnisse zur Entscheidungsfindung. Wir führen auch Interviews, Umfragen, Fokusgruppen und andere Methoden und Ansätze der Marktforschung durch. Kontakt für Ihr nächstes Marktforschungsprojekt.