Success of 16 Spanish companies in Baku, boosting the Contract Channel in Azerbaijan

 

Organized by ICEX Spain Export and Investments in collaboration with Spanish Economic and Commercial Office in AnkaraThe event took place at the prestigious Fairmont Hotel. The initiative served as a key platform for national companies to present their innovative products and solutions to nearly 70 industry professionals, including architects, designers, distributors, and other key players. influencers from the local market.

 

The day was structured with initial product presentations by the participating companies, followed by a cocktail reception that facilitated a dynamic environment of networkingThis space was crucial for Spanish companies to showcase their quality, design and expertise to the local ecosystem related to residential, commercial and infrastructure projects.

 

This action has allowed Spanish companies to establish direct contact with importers, distributors and key agents, as well as to learn about the trends and regulatory requirements of a market with a high dependence on imports in these sectors.

 

The action focuses on ceramic flooring and wall coverings, natural stone, bathroom equipment, furniture and lighting

 

Azerbaijan: A Strategic and Expanding Market

 

Azerbaijan consolidates its position as the largest and most economically dynamic country in the South Caucasus, thanks to its strategic location as a bridge between Europe and Asia An ambitious modernization and reconstruction agenda is already in place. This scenario makes it a point of great interest for Spanish companies in the construction materials and equipment sectors.

 

The country recorded economic growth of 1,1% in 2024, with forecasts of average annual growth of 2,4% until 2029. The construction sector is a key driver, representing approximately 7% of Gross Domestic Product (GDP) and with spending on infrastructure and urban modernization constantly increasing.

 

The Azerbaijani construction materials market is characterized by its heavy reliance on imports. In the tile segment, for example, the country imports over 90% of its consumption, with the market reaching $63,5 million in 2024. Spain has positioned itself as the fifth supplier of tiles, standing out in the high-quality and design segments.

 

Notable Growth in Spanish Exports

 

Spanish exports to Azerbaijan have experienced remarkable growth, reaching 81 million euros in 2024This represents a 66% increase compared to the previous year. This growth encompasses sectors such as machinery, ceramics, electrical materials, and construction and household products, demonstrating the competitiveness of Spanish products compared to countries such as Italy, Germany, Türkiye and Chinaespecially in the mid- and high-price segments.