Azerbaijan: Soap And Detergent Market 2024

Soap And Detergent Market Size in Azerbaijan

The Azerbaijani soap and detergent market fell notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a perceptible slump. The pace of growth was the most pronounced in 2018 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Soap And Detergent Production in Azerbaijan

In value terms, soap and detergent production fell to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Soap And Detergent Exports

Exports from Azerbaijan

In 2022, exports of soap and detergents from Azerbaijan surged to X tons, rising by X% on the year before. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, soap and detergent exports surged to $X in 2022. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Georgia (X tons) and Uzbekistan (X tons) were the main destinations of soap and detergent exports from Azerbaijan, with a combined X% share of total exports.

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

In value terms, Turkey ($X), Georgia ($X) and Uzbekistan ($X) appeared to be the largest markets for soap and detergent exported from Azerbaijan worldwide, together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Turkey ($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 Uzbekistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Soap And Detergent Imports

Imports into Azerbaijan

In 2022, overseas purchases of soap and detergents decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, soap and detergent imports reduced sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest soap and detergent supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, soap and detergent imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of soap and detergents to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

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

Import Prices by Country

The average soap and detergent import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a mild slump. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :