Azerbaijan: Organic Pigments Market 2024

Organic Pigments Market Size in Azerbaijan

The Azerbaijani organic pigments market rose slightly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value 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, consumption decreased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Organic Pigments Production in Azerbaijan

In value terms, organic pigments production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Organic pigments production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Organic Pigments Exports

Exports from Azerbaijan

Organic pigments exports from Azerbaijan contracted remarkably to X kg in 2022, waning by X% on the previous year. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, organic pigments exports fell significantly to $X in 2022. Over the period under review, exports saw a sharp descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for organic pigments exports from Azerbaijan, accounting for a X% share of total exports. It was followed by Uzbekistan (X kg), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%.

In value terms, Uzbekistan ($X) remains the key foreign market for synthetic organic coloring matter and pigments exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Uzbekistan amounted to X%.

Export Prices by Country

The average organic pigments export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%).

Organic Pigments Imports

Imports into Azerbaijan

Organic pigments imports into Azerbaijan rose notably to X tons in 2022, with an increase of X% on the previous year. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, organic pigments imports surged to $X in 2022. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest organic pigments supplier to Azerbaijan, with a X% share of total imports. Moreover, organic pigments imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by India (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of synthetic organic coloring matter and pigments to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average organic pigments import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a perceptible descent. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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