Azerbaijan: Other Chemical Products Market 2024

Other Chemical Products Market Size in Azerbaijan

The Azerbaijani other chemical products market amounted to less than $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate buoyant growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Azerbaijan

In value terms, other chemical products production stood at less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Other chemical products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Other Chemical Products Exports

Exports from Azerbaijan

For the fifth consecutive year, Azerbaijan recorded decline in overseas shipments of other chemical products, which decreased by X% to X tons in 2017. In general, exports continue to indicate a dramatic slump. The smallest decline of X% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, other chemical products exports reduced to $X in 2017. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2017, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Belgium (X tons) and Russia (X tons) were the main destinations of other chemical products exports from Azerbaijan, with a combined X% share of total exports. Brazil, Ukraine, Germany, Japan and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2017, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, China ($X), Belgium ($X) and Russia ($X) constituted the largest markets for other chemical products exported from Azerbaijan worldwide, with a combined X% share of total exports. Ukraine, Brazil, Germany, Japan and the United States lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2017, the average other chemical products export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2017: its price increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, other chemical products export price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked in 2017 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Azerbaijan

In 2017, the amount of other chemical products imported into Azerbaijan dropped notably to X tons, declining by X% against 2016. In general, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, other chemical products imports rose slightly to $X in 2017. Overall, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2017, imports remained at a lower figure.

Imports by Country

Turkey (X tons), the UK (X tons) and Italy (X tons) were the main suppliers of other chemical products imports to Azerbaijan, with a combined X% share of total imports. Russia, the United States, Germany, Egypt, Iran, France, the Netherlands and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products suppliers to Azerbaijan were the UK ($X), the United States ($X) and Italy ($X), together accounting for X% of total imports. France, Turkey, Germany, Russia, Egypt, the Netherlands, Iran and Ukraine lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Egypt, 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 more modest paces of growth.

Import Prices by Country

In 2017, the average other chemical products import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $X per ton in 2014; however, from 2015 to 2017, import prices stood at a somewhat lower figure.

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

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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