Azerbaijan: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Azerbaijan

The Azerbaijani acrylic polymer market soared to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a resilient increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Acrylic Polymer Exports

Exports from Azerbaijan

In 2022, approx. X tons of acrylic polymers (in primary forms) were exported from Azerbaijan; picking up by X% against the previous year's figure. In general, exports showed significant growth. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, acrylic polymer exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for acrylic polymer exports from Azerbaijan, with a X% share of total exports. Moreover, acrylic polymer exports to Kazakhstan exceeded the volume sent to the second major destination, Tunisia (X tons), more than tenfold.

From 2016 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Uzbekistan (X% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for acrylic polymers (in primary forms) exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with an X% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average acrylic polymer export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports

Imports into Azerbaijan

In 2022, approx. X tons of acrylic polymers (in primary forms) were imported into Azerbaijan; picking up by X% compared with the previous year. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, acrylic polymer imports soared to $X in 2022. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of acrylic polymer to Azerbaijan, with a X% share of total imports. Moreover, acrylic polymer imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by Russia (X tons), with a 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: Germany (X% per year) and Russia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of acrylic polymers (in primary forms) to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

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

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price 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, acrylic polymer import price increased by X% against 2019 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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