Azerbaijan: Bottled Water Market 2024

Bottled Water Market Size in Azerbaijan

The Azerbaijani bottled water market reduced modestly to $X in 2022, with a decrease of -4.4% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bottled water consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Bottled Water Production in Azerbaijan

In value terms, bottled water production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Bottled Water Exports

Exports from Azerbaijan

In 2022, the amount of bottled waters exported from Azerbaijan contracted notably to X tons, reducing by -17.5% on 2021 figures. In general, exports showed a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bottled water exports reduced to $X in 2022. Over the period under review, exports recorded a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for bottled water exports from Azerbaijan, accounting for a 55% share of total exports. Moreover, bottled water exports to Russia exceeded the volume sent to the second major destination, Turkey (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+120.4% per year) and the United Arab Emirates (+203.3% per year).

In value terms, Russia ($X) remains the key foreign market for bottled waters exports from Azerbaijan, comprising 58% of total exports. The second position in the ranking was taken by Turkey ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+112.7% per year) and the United Arab Emirates (+106.4% per year).

Export Prices by Country

The average bottled water export price stood at $X per ton in 2022, rising by 6.1% against the previous year. Overall, the export price, however, saw a slight decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Bottled Water Imports

Imports into Azerbaijan

After four years of growth, purchases abroad of bottled waters decreased by -17.8% to X tons in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 32%. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, bottled water imports dropped modestly to $X in 2022. Over the period under review, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 22%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X tons), Georgia (X tons) and Turkey (X tons) were the main suppliers of bottled water imports to Azerbaijan, together comprising 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +5.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Georgia ($X) and Turkey ($X) were the largest bottled water suppliers to Azerbaijan, together comprising 99% of total imports.

Turkey, with a CAGR of +7.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, growing by 18% against the previous year. Overall, the import price, however, showed a pronounced decline. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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