Azerbaijan - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Oil and Processed Petroleum in Azerbaijan - 2023
Contents:
- Price for Crude Oil and Processed Petroleum in Azerbaijan (FOB) - 2022
- Price for Crude Oil and Processed Petroleum in Azerbaijan (CIF) - 2022
- Exports of Crude Oil and Processed Petroleum in Azerbaijan
- Imports of Crude Oil and Processed Petroleum in Azerbaijan
Price for Crude Oil and Processed Petroleum in Azerbaijan (FOB) - 2022
In 2022, the average export price for crude oil and processed petroleum amounted to $746 per ton, picking up by 53% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The export price peaked at $834 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Croatia ($821 per ton) and the UK ($812 per ton), while the average price for exports to Turkey ($658 per ton) and Germany ($705 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Crude Oil and Processed Petroleum in Azerbaijan (CIF) - 2022
In 2022, the average import price for crude oil and processed petroleum amounted to $511 per ton, growing by 13% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 49%. The import price peaked at $1,766 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($695 per ton), while the price for Kazakhstan ($275 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (+13.2%), while the prices for the other major suppliers experienced a decline.
Exports of Crude Oil and Processed Petroleum in Azerbaijan
In 2022, exports of crude oil and processed petroleum from Azerbaijan shrank to 27M tons, declining by -5.7% compared with the previous year's figure. In general, exports recorded a abrupt curtailment. The smallest decline of -0.5% was in 2021.
In value terms, crude oil and processed petroleum exports soared to $20B in 2022. Over the period under review, exports, however, posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Crude Oil and Processed Petroleum in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5,592 | 4,133 | 6,112 | 6,690 | 6.2% |
| Israel | 1,329 | 435 | 888 | 1,673 | 8.0% |
| India | 953 | 453 | 584 | 1,626 | 19.5% |
| Spain | 702 | 328 | 553 | 999 | 12.5% |
| Croatia | 436 | 471 | 751 | 952 | 29.7% |
| Czech Republic | 646 | 218 | 262 | 920 | 12.5% |
| United Kingdom | 436 | 150 | 376 | 753 | 20.0% |
| Portugal | 353 | 240 | 587 | 743 | 28.2% |
| Turkey | 446 | 317 | 453 | 630 | 12.2% |
| Indonesia | N/A | N/A | 87.1 | 606 | 595.8% |
| Germany | 908 | 215 | 629 | 567 | -14.5% |
| Tunisia | N/A | 312 | 579 | 499 | 26.5% |
| Vietnam | 57.2 | 174 | 72.7 | 491 | 104.8% |
| Others | 3,389 | 2,214 | 1,950 | 2,877 | -5.3% |
| Total | 15,247 | 9,659 | 13,885 | 20,026 | 9.5% |
Top Export Markets for Crude Oil and Processed Petroleum from Azerbaijan in 2022:
- Italy (9.1M tons)
- Israel (2.3M tons)
- India (2.0M tons)
- Spain (1.4M tons)
- Czech Republic (1.2M tons)
- Croatia (1.2M tons)
- Turkey (1.0M tons)
- Portugal (1.0M tons)
- United Kingdom (0.9M tons)
- Indonesia (0.8M tons)
- Germany (0.8M tons)
- Tunisia (0.7M tons)
- Vietnam (0.6M tons)
Imports of Crude Oil and Processed Petroleum in Azerbaijan
In 2022, after two years of decline, there was significant growth in purchases abroad of crude oil and processed petroleum, when their volume increased by 263% to 1.9M tons. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude oil and processed petroleum imports soared to $981M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crude Oil and Processed Petroleum in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | 43.7 | 58.7 | 52.5 | 245 | 77.6% |
| Kazakhstan | 30.8 | 15.7 | 15.8 | 225 | 94.0% |
| Russia | 228 | 38.9 | 37.7 | 131 | -16.9% |
| Turkey | 16.9 | 14.1 | 18.4 | 92.3 | 76.1% |
| United Arab Emirates | 6.4 | 12.2 | 16.3 | 67.1 | 118.9% |
| China | 18.2 | 15.9 | 11.5 | 46.2 | 36.4% |
| Georgia | 2.6 | 2.5 | 2.2 | 31.8 | 130.4% |
| Romania | 13.4 | 9.9 | 20.1 | N/A | 22.5% |
| Others | 59.4 | 46.6 | 64.9 | 142 | 33.7% |
| Total | 419 | 214 | 240 | 981 | 32.8% |
Top Suppliers of Crude Oil and Processed Petroleum to Azerbaijan in 2022:
- Kazakhstan (819.0K tons)
- Turkmenistan (352.7K tons)
- Russia (199.6K tons)
- Turkey (132.8K tons)
- China (113.8K tons)
- United Arab Emirates (103.2K tons)
- Georgia (55.7K tons)
- Romania (0.1K tons)
This report provides an in-depth analysis of the market for crude oil and processed petroleum 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:
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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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Azerbaijan.
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This report provides an in-depth analysis of the crude oil market in Azerbaijan.
146
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
415
This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Azerbaijan.
258
This report provides an in-depth analysis of the crude oil market in Azerbaijan.
146
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
415
This report provides an in-depth analysis of the global crude oil market.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
