Azerbaijan: Market for Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Azerbaijan

The Azerbaijani market for cellular plates, sheets, film, foil and strip of plastics declined to $X in 2023, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw prominent growth. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Exports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Azerbaijan

In 2023, shipments abroad of cellular plates, sheets, film, foil and strip of plastics increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of cellular plates, sheets, film, foil and strip of plastics surged to $X in 2023. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for exports of cellular plates, sheets, film, foil and strip of plastics from Azerbaijan, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Georgia totaled X%.

In value terms, Georgia ($X) also remains the key foreign market for cellular plates, sheets, film, foil and strip of plastics exports from Azerbaijan.

From 2012 to 2023, the average annual growth rate of value to Georgia amounted to X%.

Export Prices by Country

In 2023, the average export price for cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, leveling off at the previous year. In general, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Georgia amounted to X% per year.

Imports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Azerbaijan

For the eighth consecutive year, Azerbaijan recorded growth in purchases abroad of cellular plates, sheets, film, foil and strip of plastics, which increased by X% to X tons in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, imports of cellular plates, sheets, film, foil and strip of plastics contracted slightly to $X in 2023. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2022, and then fell slightly in the following year.

Imports by Country

In 2023, Russia (X tons) constituted the largest supplier of cellular plates, sheets, film, foil and strip of plastics to Azerbaijan, accounting for a X% share of total imports. Moreover, imports of cellular plates, sheets, film, foil and strip of plastics from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Iran (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Iran (X% per year).

In value terms, Russia ($X) constituted the largest supplier of cellular plates, sheets, film, foil and strip of plastics to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

The average import price for cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform