Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan - 2023

Contents:

1. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan (CIF) - 2023
2. Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan (FOB) - 2022
3. Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan
4. Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan (CIF) - 2023

The average import price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses stood at $3,307 per ton in December 2023, waning by -9.1% against the previous month. Overall, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 13% m-o-m. The import price peaked at $5,081 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($7,821 per ton), while the price for Turkey ($3,036 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan (FOB) - 2022

In 2022, the average export price for cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses amounted to $6,108 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. As a result, the export price attained the peak level of $6,167 per ton, leveling off in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($6,312 per ton), while the average price for exports to Georgia stood at $4,823 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+9.6%).

Imports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan

Imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses into Azerbaijan contracted to 1.5K tons in 2022, shrinking by -13.9% on the previous year. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports reached the peak of 1.8K tons, and then declined in the following year.

In value terms, imports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses reached $7M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +56.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms to Azerbaijan in 2022:

1. China (811.1 tons)
2. Turkey (287.4 tons)
3. South Korea (263.7 tons)
4. Sweden (46.3 tons)
5. Germany (36.3 tons)
6. Netherlands (27.6 tons)
7. Belgium (26.9 tons)

Exports of Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms in Azerbaijan

In 2022, approx. 22 tons of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses were exported from Azerbaijan; picking up by 1,750% on the previous year. Over the period under review, exports, however, faced a abrupt contraction.

In value terms, exports of cellulose ethers; (other than carboxymethylcellulose and its salts), in primary formses surged to $136K in 2022. In general, exports, however, continue to indicate a abrupt decrease.

Top Export Markets for Cellulose Ethers; (Other than Carboxymethylcellulose and Its Salts), in Primary Forms from Azerbaijan in 2022:

1. Turkmenistan (19.2 tons)
2. Georgia (3.0 tons)

Source: IndexBox Market Intelligence Platform