Azerbaijan: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Azerbaijan

The Azerbaijani market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021, picking up by 28% 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 relatively flat trend pattern. Consumption of peaked in 2021 and is likely to see steady growth in the near future.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Azerbaijan

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Azerbaijan contracted rapidly to X tons, dropping by -85.8% compared with 2020. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 244%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined dramatically to $X in 2021. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 214%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X kg), the Netherlands (X kg) and Georgia (X kg) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Azerbaijan, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Georgia (with a CAGR of +16.8%), while shipments for the other leaders experienced a decline.

In value terms, the Netherlands ($X) emerged as the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Azerbaijan, comprising 69% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 24% share of total exports. It was followed by Georgia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-21.4% per year) and Georgia (-3.5% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, shrinking by -32.4% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 47% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Azerbaijan

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were imported into Azerbaijan; picking up by 23% on 2020 figures. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.3% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 35% against the previous year. Imports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier to Azerbaijan, accounting for a 80% share of total imports. It was followed by Spain (X tons), with a 2.2% share of total imports. The third position in this ranking was held by Germany (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+46.7% per year) and Germany (-3.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Azerbaijan, comprising 73% of total imports. The second position in the ranking was taken by France ($X), with a 3.4% share of total imports. It was followed by Spain, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-16.2% per year) and Spain (+38.8% per year).

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, rising by 4.5% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform