Azerbaijan - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Azerbaijan - 2023
Contents:
- Chewing Gum Price in Azerbaijan (CIF) - 2023
- Chewing Gum Price in Azerbaijan (FOB) - 2022
- Chewing Gum Imports in Azerbaijan
- Chewing Gum Exports in Azerbaijan
Chewing Gum Price in Azerbaijan (CIF) - 2023
In July 2023, the average chewing gum import price amounted to $5,256 per ton, rising by 62% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $6,015 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($8,864 per ton), while the price for Iran ($2,000 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Price in Azerbaijan (FOB) - 2022
The average chewing gum export price stood at $3,945 per ton in 2022, increasing by 4.4% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chewing gum export price decreased by -24.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 51%. The export price peaked at $5,255 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +3.1% per year.
Chewing Gum Imports in Azerbaijan
In 2022, supplies from abroad of chewing gum increased by 9.5% to 492 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced contraction.
In value terms, chewing gum imports expanded rapidly to $2M in 2022. In general, imports, however, recorded a perceptible shrinkage.
| Import of Chewing Gum in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,269 | 1,226 | 1,134 | 1,362 | 2.4% |
| Russia | 462 | 315 | 309 | 305 | -12.9% |
| Pakistan | 190 | 60.2 | 51.5 | 83.5 | -24.0% |
| Brazil | 30.3 | 33.8 | 39.8 | 41.2 | 10.8% |
| China | 46.4 | 36.9 | 30.0 | 31.8 | -11.8% |
| Iran | 19.9 | 17.9 | 14.0 | 14.6 | -9.8% |
| India | 4.8 | 3.7 | 3.0 | 2.1 | -24.1% |
| Others | 132 | 131 | 209 | 160 | 6.6% |
| Total | 2,154 | 1,824 | 1,790 | 2,000 | -2.4% |
Top Suppliers of Chewing Gum to Azerbaijan in 2022:
- Turkey (367.7 tons)
- Russia (35.6 tons)
- Pakistan (29.7 tons)
- Brazil (13.9 tons)
- China (10.2 tons)
- Iran (9.1 tons)
- India (9.0 tons)
Chewing Gum Exports in Azerbaijan
In 2022, chewing gum exports from Azerbaijan fell markedly to 435 kg, which is down by -43.7% against 2021. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 688%. As a result, the exports reached the peak of 772 kg, and then reduced rapidly in the following year.
In value terms, chewing gum exports contracted sharply to $1.7K in 2022. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 466%. As a result, the exports attained the peak of $2.9K, and then fell markedly in the following year.
| Export of Chewing Gum in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 2.6 | 0.5 | 2.9 | 1.7 | -13.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.6 | 0.5 | 2.9 | 1.7 | -13.2% |
Top Export Markets for Chewing Gum from Azerbaijan in 2022:
- Georgia (435.0 kg)
This report provides an in-depth analysis of the chewing gum market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10822310 - Chewing gum
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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