Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan (CIF) - 2022
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,482 per ton in 2022, increasing by 4.3% against the previous year. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,456 per ton), while the price for Iran ($1,948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $1,711 per ton, with a decrease of -80.9% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 348% against the previous year. As a result, the export price reached the peak level of $8,966 per ton, and then contracted sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($4,895 per ton), while the average price for exports to Turkey ($1,552 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-4.7%).
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan
In 2022, after two years of decline, there was significant growth in overseas purchases of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume increased by 20% to 2K tons. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $5M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,385 | 1,106 | 1,550 | 3,155 | 31.6% |
| Germany | 452 | 478 | 655 | 774 | 19.6% |
| China | 59.8 | 190 | 62.5 | 226 | 55.8% |
| Italy | 121 | 127 | 137 | 202 | 18.6% |
| Russia | 51.9 | 61.5 | 44.9 | 190 | 54.1% |
| Greece | 6.9 | 6.0 | 5.4 | 126 | 163.3% |
| Iran | 37.4 | 63.5 | 65.3 | 89.9 | 34.0% |
| Bulgaria | 80.0 | 29.6 | 46.7 | N/A | -23.6% |
| Others | 1,173 | 1,220 | 1,387 | 195 | -45.0% |
| Total | 3,367 | 3,282 | 3,953 | 4,958 | 13.8% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Azerbaijan in 2022:
- Turkey (1485.5 tons)
- Germany (173.6 tons)
- China (87.6 tons)
- Italy (68.8 tons)
- Russia (63.2 tons)
- Iran (46.2 tons)
- Greece (36.5 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan
In 2022, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Azerbaijan soared to 30 tons, jumping by 102,697% on the previous year. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $51K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 30.8 | 0% |
| Uzbekistan | N/A | N/A | N/A | 19.0 | 0% |
| Others | 0.1 | N/A | 0.3 | 1.2 | 128.9% |
| Total | 0.1 | N/A | 0.3 | 51.0 | 699.0% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Azerbaijan in 2022:
- Turkey (19.8 tons)
- Uzbekistan (9.9 tons)
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