Azerbaijan: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Azerbaijan

The Azerbaijani anti-freezing preparations market skyrocketed to $X in 2021, jumping by 33% 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). Over the period under review, consumption posted a resilient increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Anti-Freezing Preparations Exports

Exports from Azerbaijan

In 2021, shipments abroad of anti-freezing preparations and prepared de-icing fluids increased by 44% to X tons, rising for the third year in a row after two years of decline. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 3,565%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, anti-freezing preparations exports reduced rapidly to $X in 2021. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,676%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for anti-freezing preparations exports from Azerbaijan, accounting for a 70% share of total exports. Moreover, anti-freezing preparations exports to Turkey exceeded the volume sent to the second major destination, Lebanon (X tons), sixfold. Ukraine (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +64.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+14.1% per year) and Ukraine (+61.0% per year).

In value terms, the largest markets for anti-freezing preparations exported from Azerbaijan were Turkey ($X), Lebanon ($X) and Turkmenistan ($X), with a combined 79% share of total exports.

Turkey, with a CAGR of +86.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, with a decrease of -57.4% against the previous year. Overall, the export price faced a dramatic setback. The growth pace was the most rapid in 2015 an increase of 50% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey ($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 Turkmenistan (+51.4%), while the prices for the other major destinations experienced mixed trend patterns.

Anti-Freezing Preparations Imports

Imports into Azerbaijan

In 2021, imports of anti-freezing preparations and prepared de-icing fluids into Azerbaijan surged to X tons, increasing by 24% compared with the previous year's figure. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 695% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, anti-freezing preparations imports soared to $X in 2021. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 360%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest anti-freezing preparations supplier to Azerbaijan, with a 56% share of total imports. Moreover, anti-freezing preparations imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+26.1% per year) and Turkey (+11.2% per year).

In value terms, Russia ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Azerbaijan, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.5% per year) and Turkey (+8.1% per year).

Import Prices by Country

The average anti-freezing preparations import price stood at $X per ton in 2021, growing by 13% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2014 when the average import price increased by 34%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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