Azerbaijan: Chromates Market 2022

Chromates Market Size in Azerbaijan

After three years of decline, the Azerbaijani chromates market increased by X% to $X in 2021. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chromates Exports

Exports from Azerbaijan

In 2021, chromates exports from Azerbaijan amounted to X kg, leveling off at the previous year's figure. Over the period under review, exports recorded a abrupt setback. Over the period under review, the exports reached the maximum at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, chromates exports stood at $X in 2021. Overall, exports recorded a dramatic decrease. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X kg) was the main destination for chromates exports from Azerbaijan, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Uzbekistan was relatively modest.

Export Prices by Country

In 2021, the average chromates export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price saw a abrupt decrease. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to X% per year.

Chromates Imports

Imports into Azerbaijan

After three years of decline, supplies from abroad of chromates, dichromates and peroxochromates increased by X% to X tons in 2021. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromates imports skyrocketed to $X in 2021. In general, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X kg) constituted the largest chromates supplier to Azerbaijan, with a X% share of total imports. Moreover, chromates imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Germany (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of chromates to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, 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: Turkey (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average chromates import price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform