Azerbaijan: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Azerbaijan

The Azerbaijani market for bottles, jars and other containers of glass expanded significantly to $X in 2021, picking up by 5.1% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Bottles, Jars And Other Containers Of Glass in Azerbaijan

In value terms, glass bottle, jar and container production shrank slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +11.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 173%. Glass bottle, jar and container production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports from Azerbaijan

After two years of growth, shipments abroad of bottles, jars and other containers of glass decreased by -51.8% to X units in 2021. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 383,079%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, glass bottle, jar and container exports contracted dramatically to $X in 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 292,589%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units), Georgia (X units) and Ukraine (X units) were the main destinations of glass bottle, jar and container exports from Azerbaijan, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +31.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for bottles, jars and other containers of glass exports from Azerbaijan, comprising 69% of total exports. The second position in the ranking was held by Georgia ($X), with a 27% share of total exports. It was followed by Ukraine, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-25.4% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2021, the average export price for bottles, jars and other containers of glass amounted to $X per unit, with an increase of 22% against the previous year. In general, the export price, however, recorded a mild decline. The export price peaked at $X per unit in 2015; however, from 2016 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 Russia ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+4.0%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports into Azerbaijan

In 2021, the amount of bottles, jars and other containers of glass imported into Azerbaijan reached X units, increasing by 5% compared with the previous year's figure. Overall, imports showed slight growth. The growth pace was the most rapid in 2014 with an increase of 52% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, glass bottle, jar and container imports amounted to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 37%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of glass bottle, jar and container to Azerbaijan, with a 85% share of total imports. Moreover, glass bottle, jar and container imports from Russia exceeded the figures recorded by the second-largest supplier, Georgia (X units), more than tenfold. Ukraine (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+50.8% per year) and Ukraine (-19.5% per year).

In value terms, Russia ($X) constituted the largest supplier of bottles, jars and other containers of glass to Azerbaijan, comprising 82% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 5.3% share of total imports. It was followed by Georgia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-18.1% per year) and Georgia (+44.9% per year).

Import Prices by Country

In 2021, the average import price for bottles, jars and other containers of glass amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and Ukraine ($X per unit), while the price for Russia ($X per unit) and Georgia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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