Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan - 2023
Contents:
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan (CIF) - 2023
- Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan (FOB) - 2022
- Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan
- Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan (CIF) - 2023
In November 2023, the average import price for paints and varnishes, based on polyesters, non-aqueous medium amounted to $3,194 per ton, with an increase of 9.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $3,553 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($7,455 per ton), while the price for Iran ($1,640 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Russia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan (FOB) - 2022
The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $1,220 per ton in 2022, increasing by 18% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for paints and varnishes, based on polyesters, non-aqueous medium increased by +61.6% against 2013 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($1,673 per ton), while the average price for exports to Kazakhstan ($825 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 Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of paints and varnishes, based on polyesters, non-aqueous medium, which increased by 40% to 3K tons in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium surged to $9.3M in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.1 | 2.2 | 4.8 | 7.1 | 50.1% |
| Russia | 1.1 | 1.7 | 0.8 | 0.8 | -10.1% |
| Iran | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| China | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 0.7 | 0.6 | 0.6 | 0.7 | 0.0% |
| Total | 4.2 | 4.8 | 6.8 | 9.3 | 30.3% |
Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Azerbaijan in 2022:
- Turkey (2454.8 tons)
- Iran (266.9 tons)
- Russia (145.2 tons)
- China (76.6 tons)
Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan
In 2022, overseas shipments of paints and varnishes, based on polyesters, non-aqueous medium were finally on the rise to reach 1.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a perceptible descent.
In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium surged to $1.9M in 2022. In general, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 841 | 453 | 441 | 748 | -3.8% |
| Kyrgyzstan | 482 | 335 | 318 | 554 | 4.8% |
| Georgia | 246 | 226 | 228 | 413 | 18.9% |
| Kazakhstan | 66.6 | 97.7 | 57.6 | 64.7 | -1.0% |
| Russia | 60.0 | 85.7 | 37.1 | 46.3 | -8.3% |
| Tajikistan | 35.6 | 20.3 | 15.3 | 40.2 | 4.1% |
| Others | 20.0 | 35.8 | 10.4 | 10.6 | -19.1% |
| Total | 1,751 | 1,254 | 1,107 | 1,877 | 2.3% |
Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Azerbaijan in 2022:
- Uzbekistan (645.0 tons)
- Kyrgyzstan (499.7 tons)
- Georgia (246.8 tons)
- Kazakhstan (78.4 tons)
- Tajikistan (33.6 tons)
- Russia (31.4 tons)
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