Azerbaijan - Oil And Water Paints And Varnishes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Oil and Water Paints and Varnishes in Azerbaijan - 2023
Contents:
- Price for Oil and Water Paints and Varnishes in Azerbaijan (CIF) - 2022
- Price for Oil and Water Paints and Varnishes in Azerbaijan (FOB) - 2022
- Imports of Oil and Water Paints and Varnishes in Azerbaijan
- Exports of Oil and Water Paints and Varnishes in Azerbaijan
Price for Oil and Water Paints and Varnishes in Azerbaijan (CIF) - 2022
The average import price for oil and water paints and varnishes stood at $3,784 per ton in 2022, increasing by 10% against the previous year. In general, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 33% against the previous year. The import price peaked at $4,261 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 Spain ($10,947 per ton), while the price for Iran ($1,416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil and Water Paints and Varnishes in Azerbaijan (FOB) - 2022
The average export price for oil and water paints and varnishes stood at $1,682 per ton in 2022, with an increase of 53% against the previous year. Over the period under review, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2018 an increase of 237% against the previous year. The export price peaked at $33,333 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,875 per ton), while the average price for exports to Georgia stood at $1,486 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+3.5%).
Imports of Oil and Water Paints and Varnishes in Azerbaijan
In 2022, the amount of oil and water paints and varnishes imported into Azerbaijan contracted to 585 tons, dropping by -2.2% against 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 2.5%. As a result, imports attained the peak of 598 tons, and then reduced in the following year.
In value terms, imports of oil and water paints and varnishes totaled $2.2M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Oil and Water Paints and Varnishes in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,243 | 1,109 | 1,168 | 1,379 | 3.5% |
| Italy | 42.2 | 44.7 | 48.9 | 218 | 72.9% |
| Spain | 298 | 275 | 365 | 160 | -18.7% |
| China | 114 | 113 | 108 | 85.5 | -9.1% |
| Germany | 35.6 | 4.2 | 87.4 | 53.4 | 14.5% |
| India | 69.1 | 76.7 | 81.4 | 32.6 | -22.2% |
| Russia | 36.6 | 15.0 | 63.1 | 31.0 | -5.4% |
| Iran | 0.2 | 9.7 | 9.4 | 13.5 | 307.2% |
| Others | 299 | 196 | 118 | 241 | -6.9% |
| Total | 2,137 | 1,843 | 2,050 | 2,214 | 1.2% |
Top Suppliers of Oil and Water Paints and Varnishes to Azerbaijan in 2022:
- Turkey (442.0 tons)
- China (42.8 tons)
- Italy (23.2 tons)
- Germany (15.8 tons)
- Russia (15.6 tons)
- Spain (14.6 tons)
- Iran (9.5 tons)
- India (7.2 tons)
Exports of Oil and Water Paints and Varnishes in Azerbaijan
In 2022, approx. 247 tons of oil and water paints and varnishes were exported from Azerbaijan; picking up by 120% against 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,967,100%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of oil and water paints and varnishes skyrocketed to $415K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 81,226%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Oil and Water Paints and Varnishes in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 27.5 | 221 | 703.6% |
| Georgia | N/A | 81.3 | 95.7 | 191 | 53.3% |
| Others | 0.1 | N/A | N/A | 2.8 | 203.7% |
| Total | 0.1 | 81.3 | 123 | 415 | 1507.0% |
Top Export Markets for Oil and Water Paints and Varnishes from Azerbaijan in 2022:
- Georgia (128.9 tons)
- Russia (117.6 tons)
This report provides an in-depth analysis of the market for oil and water paints and varnishes 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 20302213 - Oil paints and varnishes (including enamels and lacquers)
- Prodcom 20302215 - Prepared water pigments for finishing leather, paints and varnishes (including enamels, lacquers and distempers) (excluding of oil)
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.
-
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
-
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
-
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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