Azerbaijan: Bituminous Mixtures Market 2025

Bituminous Mixtures Market Size in Azerbaijan

The Azerbaijani bituminous mixtures market soared to $X in 2021, picking up by 34% 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 continues to indicate buoyant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bituminous Mixtures Exports

Exports from Azerbaijan

In 2021, bituminous mixtures exports from Azerbaijan fell dramatically to X tons, declining by -66.6% against 2020. Over the period under review, exports, however, posted significant growth. The exports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, bituminous mixtures exports contracted remarkably to $X in 2021. In general, exports, however, posted a significant increase. The exports peaked at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Georgia (X tons) was the main destination for bituminous mixtures exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Georgia totaled +20.9%.

In value terms, Georgia ($X) emerged as the key foreign market for bituminous mixtures exports from Azerbaijan.

From 2013 to 2021, the average annual growth rate of value to Georgia stood at +26.6%.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, picking up by 33% against the previous year. In general, the export price continues to indicate a perceptible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2021, the rate of growth in terms of prices for Georgia amounted to +4.7% per year.

Bituminous Mixtures Imports

Imports into Azerbaijan

In 2021, imports of bituminous mixtures into Azerbaijan skyrocketed to X tons, with an increase of 44% compared with 2020. Over the period under review, imports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2017 with an increase of 77% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, bituminous mixtures imports surged to $X in 2021. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 132%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of bituminous mixtures to Azerbaijan, with a 67% share of total imports. Moreover, bituminous mixtures imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+21.9% per year) and the United States (+10.5% per year).

In value terms, Russia ($X) constituted the largest supplier of bituminous mixtures to Azerbaijan, comprising 57% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total imports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+19.2% per year) and the United States (+11.6% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, falling by -11.6% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bituminous mixtures import price decreased by -34.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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