Azerbaijan: Sulphite Wrapping Paper Market 2023

Sulphite Wrapping Paper Market Size in Azerbaijan

In 2022, after two years of growth, there was significant decline in the Azerbaijani sulphite wrapping paper market, when its value decreased by -51.8% to $X. Overall, consumption recorded a drastic downturn. Sulphite wrapping paper consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sulphite Wrapping Paper Exports

Exports by Country

Kazakhstan (X kg) was the main destination for sulphite wrapping paper exports from Azerbaijan, with a approx. 100% share of total exports.

From 2019 to 2019, the average annual growth rate of volume to Kazakhstan was relatively modest.

From 2019 to 2019, the average annual growth rate of value to Kazakhstan was relatively modest.

Sulphite Wrapping Paper Imports

Imports into Azerbaijan

In 2022, overseas purchases of sulphite wrapping paper decreased by -63.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 535% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sulphite wrapping paper imports shrank markedly to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 189%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main supplier of sulphite wrapping paper to Azerbaijan, accounting for a 96% share of total imports. Moreover, sulphite wrapping paper imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to -15.1%.

In value terms, Russia ($X) constituted the largest supplier of sulphite wrapping paper to Azerbaijan, comprising 92% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to -16.2%.

Import Prices by Country

In 2022, the average sulphite wrapping paper import price amounted to $X per ton, with an increase of 33% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 135% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Turkey ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.2%).

Source: IndexBox Platform

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