Azerbaijan: Semi-Chemical Fluting Market 2023

Semi-Chemical Fluting Market Size in Azerbaijan

The Azerbaijani semi-chemical fluting market rose remarkably to $X in 2021, growing by 10% against the previous year. Over the period under review, consumption, however, showed a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Semi-Chemical Fluting Production in Azerbaijan

In value terms, semi-chemical fluting production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 40%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Semi-Chemical Fluting Exports

Exports from Azerbaijan

After two years of decline, shipments abroad of semi-chemical fluting decreased by 0% to X tons in 2018. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2018 and are expected to retain growth in the near future.

In value terms, semi-chemical fluting exports amounted to $X in 2018. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2018 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for semi-chemical fluting exports from Azerbaijan, with a approx. 100% share of total exports.

From 2015 to 2018, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2015 to 2018, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2018, the average semi-chemical fluting export price amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 a decrease of 99.9%. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, 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 Turkey.

From 2015 to 2018, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Semi-Chemical Fluting Imports

Imports into Azerbaijan

In 2021, after two years of growth, there was significant decline in purchases abroad of semi-chemical fluting, when their volume decreased by -27.5% to X tons. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 964%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-chemical fluting imports fell notably to $X in 2021. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 1,248%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Iran (X tons) was the main semi-chemical fluting supplier to Azerbaijan, with a 94% share of total imports. Moreover, semi-chemical fluting imports from Iran exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran totaled +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+8.6% per year) and Turkey (+5.2% per year).

In value terms, Iran ($X) constituted the largest supplier of semi-chemical fluting to Azerbaijan, comprising 90% of total imports. The second position in the ranking was taken by Russia ($X), with a 9.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Iran amounted to +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+16.7% per year) and Turkey (-8.5% per year).

Import Prices by Country

The average semi-chemical fluting import price stood at $X per ton in 2021, dropping by -12.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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 (+7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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