Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan (CIF) - 2022
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan (CIF) - 2022

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $1,792 per ton in 2022, with an increase of 36% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 64%. As a result, import price reached the peak level of $4,426 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Turkey ($2,723 per ton), while the price for Russia ($1,098 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $40,210 per ton, standing approx. at the previous year. In general, the export price showed mild growth. The most prominent rate of growth was recorded in 2016 an increase of 977%. As a result, the export price attained the peak level of $348,000 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2014 to 2022, the rate of growth in terms of prices for Georgia amounted to -9.7% per year.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan

In 2022, supplies from abroad of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips decreased by -14.2% to 395 tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.5% 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 decreased by -39.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 73%. As a result, imports attained the peak of 653 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $709K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. As a result, imports reached the peak of $869K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Azerbaijan in 2022:

1. Russia (207.6 tons)
2. Turkey (138.6 tons)
3. Germany (24.4 tons)
4. United States (21.0 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Azerbaijan

In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Azerbaijan was estimated at 1 kg, remaining relatively unchanged against the previous year's figure. In general, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips totaled $40 in 2022. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Azerbaijan in 2022:

1. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform