Azerbaijan: Other Agglomerates Market 2022

Other Agglomerates Market Size in Azerbaijan

The Azerbaijani other agglomerates market surged to $X in 2021, rising by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Other Agglomerates Production in Azerbaijan

In value terms, other agglomerates production soared to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Other Agglomerates Exports

Exports from Azerbaijan

In 2021, the amount of other agglomerates exported from Azerbaijan was estimated at X tons, standing approx. at the previous year's figure. In general, exports enjoyed a significant increase. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, other agglomerates exports amounted to $X in 2021. Overall, exports continue to indicate a significant expansion. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for other agglomerates exports from Azerbaijan, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Turkey was relatively modest.

Export Prices by Country

In 2019, the average other agglomerates export price amounted to $X per ton, stabilizing at the previous year. In general, the export price showed prominent growth. The export price peaked in 2019 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for Turkey amounted to X% per year.

Other Agglomerates Imports

Imports into Azerbaijan

In 2021, supplies from abroad of other agglomerates increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, other agglomerates imports soared to $X in 2021. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of other agglomerates to Azerbaijan, with a X% share of total imports. Moreover, other agglomerates imports from Ukraine exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Spain (-X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of other agglomerates to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Spain (-X% per year).

Import Prices by Country

The average other agglomerates import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, other agglomerates import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Turkey ($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 more modest paces of growth.

Source: IndexBox Platform