Report Update Nov 1, 2024

Azerbaijan - Amino Resins - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Amino Resin Market 2024

Amino Resin Market Size in Azerbaijan

For the sixth year in a row, the Azerbaijani amino resin market recorded growth in sales value, which increased by 37% to $X in 2022. Over the period under review, consumption enjoyed significant growth. Amino resin consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Amino Resin Exports

Exports from Azerbaijan

In 2018, shipments abroad of amino resins decreased by -66.2% to X kg, falling for the second consecutive year after two years of decline. In general, exports saw a precipitous decline. The smallest decline of -24.7% was in 2017. Over the period under review, the exports hit record highs at X kg in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

In value terms, amino resin exports dropped remarkably to $X in 2018. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 when exports increased by 229% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Turkmenistan (X kg) was the main destination for amino resin exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2014 to 2018, the average annual growth rate of volume to Turkmenistan was relatively modest.

In value terms, Turkmenistan ($X) emerged as the key foreign market for amino resins exports from Azerbaijan.

From 2014 to 2018, the average annual growth rate of value to Turkmenistan was relatively modest.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2018, rising by 77% against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 an increase of 337% against the previous year. The export price peaked in 2018 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkmenistan.

From 2014 to 2018, the rate of growth in terms of prices for Georgia amounted to 0.0% per year.

Amino Resin Imports

Imports into Azerbaijan

In 2022, the amount of amino resins imported into Azerbaijan skyrocketed to X tons, increasing by 36% on 2021 figures. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 284% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, amino resin imports surged to $X in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2014 when imports increased by 378%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Saudi Arabia (X tons) were the main suppliers of amino resin imports to Azerbaijan, with a combined 67% share of total imports. Belgium, Germany, France, Turkey and Hungary lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +191.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Saudi Arabia ($X) constituted the largest amino resin suppliers to Azerbaijan, together accounting for 67% of total imports. Belgium, Germany, Turkey, France and Hungary lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, France, with a CAGR of +199.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, remaining constant against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin import price increased by +50.2% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 40% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 38% share of global consumption. Indonesia, Brazil, Russia, Belgium, Mexico, Turkey, South Korea, Hungary, Portugal and Germany lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in the world?

China constituted the country with the largest volume of amino resins in primary forms production, accounting for 29% of total volume. Moreover, amino resins in primary forms production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Japan ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of amino resins in primary forms (excluding urea and thiourea resins, melamine resins) to Azerbaijan?

In value terms, Turkey, Germany and Spain appeared to be the largest amino resins in primary forms suppliers to Azerbaijan, together comprising 91% of total imports.

What is the average export price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in Azerbaijan?

In 2017, the average export price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) amounted to $2,209 per ton, jumping by 73% against the previous year.

What is the average import price for amino resins in primary forms (excluding urea and thiourea resins, melamine resins) in Azerbaijan?

The average import price for amino resins in primary forms excluding urea and thiourea resins, melamine resins) stood at $2,505 per ton in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the amino resin market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023