Azerbaijan: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Azerbaijan

In 2022, the Azerbaijani self-adhesive printed label market increased by 47% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption enjoyed prominent growth. Self-adhesive printed label consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Self-Adhesive Printed Label Exports

Exports from Azerbaijan

In 2022, overseas shipments of self-adhesive printed labels decreased by -73.7% to X kg, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 2,157% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, self-adhesive printed label exports soared to $X in 2022. Over the period under review, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of 1,232%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Georgia (X kg) and Denmark (X kg) were the main destinations of self-adhesive printed label exports from Azerbaijan, together comprising 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for self-adhesive printed labels exports from Azerbaijan, comprising 83% of total exports. The second position in the ranking was taken by Georgia ($X), with an 8.5% share of total exports. It was followed by France, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-37.5% per year) and France (+17.2% per year).

Export Prices by Country

In 2022, the average self-adhesive printed label export price amounted to $X per ton, surging by 364% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

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Self-Adhesive Printed Label Imports

Imports into Azerbaijan

In 2022, approx. X tons of self-adhesive printed labels were imported into Azerbaijan; jumping by 63% compared with the year before. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 126% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, self-adhesive printed label imports soared to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 98% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest self-adhesive printed label supplier to Azerbaijan, with a 65% share of total imports. Moreover, self-adhesive printed label imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Russia (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.3% per year) and Russia (+44.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of self-adhesive printed labels to Azerbaijan, comprising 46% of total imports. The second position in the ranking was taken by Russia ($X), with an 18% share of total imports. It was followed by Ukraine, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+45.6% per year) and Ukraine (-2.3% per year).

Import Prices by Country

The average self-adhesive printed label import price stood at $X per ton in 2022, falling by -12.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Ukraine ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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