Azerbaijan: Alcohols Market 2021

Alcohols Market Size in Azerbaijan

The Azerbaijani alcohols market declined sharply to $X in 2020, dropping by -X% against the previous year. In general, consumption faced a dramatic downturn. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Alcohols Production in Azerbaijan

In value terms, alcohols production contracted to $X in 2020 estimated in export prices. In general, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. Alcohols production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Alcohols Exports

Exports from Azerbaijan

In 2020, after two years of decline, there was significant growth in shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, when their volume increased by X% to X tons. In general, exports recorded a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, alcohols exports surged to $X in 2020. Over the period under review, exports enjoyed a buoyant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Turkey (X tons) and the U.S. (X tons) were the main destinations of alcohols exports from Azerbaijan, together comprising X% of total exports. These countries were followed by Italy, Romania, the Netherlands and Israel, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for alcohols exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Turkey stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Romania (+X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Azerbaijan

After four years of growth, supplies from abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Imports peaked at X tons in 2019, and then reduced dramatically in the following year.

In value terms, alcohols imports fell rapidly to $X in 2020. Over the period under review, imports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2011 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest alcohols supplier to Azerbaijan, with a X% share of total imports. Moreover, alcohols imports from the U.S. exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of alcohols to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Sweden (+X% per year).

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Sweden ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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