Azerbaijan - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Latex Rubber Price in Azerbaijan - 2023
Contents:
- Synthetic Latex Rubber Price in Azerbaijan (CIF) - 2022
- Synthetic Latex Rubber Price in Azerbaijan (FOB) - 2022
- Synthetic Latex Rubber Imports in Azerbaijan
- Synthetic Latex Rubber Exports in Azerbaijan
Synthetic Latex Rubber Price in Azerbaijan (CIF) - 2022
The average synthetic latex rubber import price stood at $2,791 per ton in 2022, surging by 32% against the previous year. Overall, the import price, however, showed a perceptible setback. The import price peaked at $4,076 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Russia ($11,957 per ton), while the price for Turkey ($1,383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Latex Rubber Price in Azerbaijan (FOB) - 2022
The average synthetic latex rubber export price stood at $2,206 per ton in 2022, dropping by -17% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 0.9% against the previous year. The export price peaked at $5,223 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Turkmenistan.
From 2012 to 2022, the rate of growth in terms of prices for Turkmenistan amounted to -6.6% per year.
Synthetic Latex Rubber Imports in Azerbaijan
In 2022, overseas purchases of synthetic latex rubber decreased by -18.9% to 134 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 8.5%. As a result, imports attained the peak of 197 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, synthetic latex rubber imports expanded markedly to $373K in 2022. The total import value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Synthetic Latex Rubber in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 76.1 | 53.4 | 57.2 | 200 | 38.0% |
| United States | 0.3 | 1.3 | 11.8 | 80.8 | 545.8% |
| China | 18.5 | 22.5 | 20.3 | 35.6 | 24.4% |
| Spain | 14.9 | 118 | 30.6 | 30.2 | 26.6% |
| Turkey | 75.5 | 32.5 | 7.9 | 16.6 | -39.6% |
| Belgium | 8.1 | 5.9 | 5.1 | 8.4 | 1.2% |
| France | 8.5 | 26.7 | 13.6 | N/A | 26.5% |
| Netherlands | 53.5 | 87.2 | 97.3 | N/A | 34.9% |
| Others | 10.0 | 6.7 | 104 | 1.0 | -53.6% |
| Total | 266 | 355 | 348 | 373 | 11.9% |
Top Suppliers of Synthetic Latex Rubber to Azerbaijan in 2022:
- Germany (65.6 tons)
- China (25.0 tons)
- Spain (15.0 tons)
- Turkey (12.0 tons)
- United States (12.0 tons)
- Belgium (3.6 tons)
Synthetic Latex Rubber Exports in Azerbaijan
In 2022, overseas shipments of synthetic latex rubber decreased by -32.9% to 8 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 890% against the previous year. As a result, the exports reached the peak of 16 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, synthetic latex rubber exports contracted remarkably to $18K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 898%. As a result, the exports reached the peak of $46K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Synthetic Latex Rubber in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | N/A | 35.2 | N/A | 17.6 | -29.3% |
| Russia | 4.6 | 4.2 | 31.7 | N/A | 162.5% |
| Others | N/A | 6.3 | N/A | N/A | 0% |
| Total | 4.6 | 45.7 | 31.7 | 17.6 | 56.4% |
Top Export Markets for Synthetic Latex Rubber from Azerbaijan in 2022:
- Turkmenistan (8.0 tons)
This report provides an in-depth analysis of the synthetic latex rubber market 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 20171050 - Synthetic latex rubber
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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