Azerbaijan: Market for Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) 2024

Market Size for Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) in Azerbaijan

The Azerbaijani market for float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) reduced rapidly to $X in 2022, dropping by X% against 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). Over the period under review, consumption, however, saw a significant increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass)

Exports from Azerbaijan

In 2022, approx. X square meters of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) were exported from Azerbaijan; which is down by X% against 2021 figures. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X square meters, and then fell remarkably in the following year.

In value terms, exports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) reduced sharply to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Turkey (X square meters) was the main destination for exports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) from Azerbaijan, accounting for a X% share of total exports. Moreover, exports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) to Turkey exceeded the volume sent to the second major destination, Qatar (X square meters), twofold.

From 2017 to 2022, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Ukraine (X% per year).

In value terms, the largest markets for float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) exported from Azerbaijan were Qatar ($X), Ukraine ($X) and Turkey ($X).

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) stood at $X per square meter in 2022, with an increase of X% against the previous year. Overall, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%).

Imports of Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass)

Imports into Azerbaijan

In 2022, purchases abroad of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) decreased by X% to X square meters, falling for the third consecutive year after four years of growth. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) shrank markedly to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X square meters) constituted the largest float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) supplier to Azerbaijan, with a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) from Iran exceeded the figures recorded by the second-largest supplier, Russia (X square meters), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Turkey (X% per year).

In value terms, Iran ($X), Russia ($X) and Turkey ($X) constituted the largest float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) suppliers to Azerbaijan, together accounting for X% of total imports.

In terms of the main suppliers, Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) stood at $X per square meter in 2022, jumping by X% against the previous year. In general, the import price, however, faced a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the average 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 ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2022, 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

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