Azerbaijan: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Azerbaijan

The Azerbaijani market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) surged to $X in 2022, rising by 39% 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 recorded modest growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Azerbaijan

In 2022, the amount of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exported from Azerbaijan skyrocketed to X tons, increasing by 77% on 2021 figures. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,370%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,447%. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Azerbaijan, accounting for a 74% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Russia exceeded the volume sent to the second major destination, Georgia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-24.6% per year) and Kazakhstan (-23.1% per year).

In value terms, the largest markets for wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) exported from Azerbaijan were Russia ($X), Georgia ($X) and Kazakhstan ($X).

Kazakhstan, with a CAGR of -18.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) stood at $X per ton in 2022, picking up by 34% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2017 when the average export price increased by 1,063%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($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 (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Azerbaijan

In 2022, approx. X tons of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) were imported into Azerbaijan; with an increase of 22% on 2021 figures. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 227% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 240%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) to Azerbaijan, accounting for a 66% share of total imports. Moreover, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+36.4% per year) and Turkey (-10.9% per year).

In value terms, Russia ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Azerbaijan, comprising 67% of total imports. The second position in the ranking was held by Belarus ($X), with an 18% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+44.8% per year) and Turkey (-13.9% per year).

Import Prices by Country

In 2022, the average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, jumping by 33% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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