Azerbaijan: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Azerbaijan

The Azerbaijani market for cellular plates, sheets and films of polyymers of styrene contracted slightly to $X in 2022, stabilizing at 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). Overall, consumption, however, recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Azerbaijan

In 2022, shipments abroad of cellular plates, sheets and films of polyymers of styrene increased by 56% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,060% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 346% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Azerbaijan, with a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +70.6%.

In value terms, Georgia ($X) also remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Azerbaijan.

From 2017 to 2022, the average annual rate of growth in terms of value to Georgia amounted to +60.7%.

Export Prices by Country

The average export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, falling by -20.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 245% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

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

From 2017 to 2022, the rate of growth in terms of prices for Russia amounted to +13.2% per year.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Azerbaijan

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into Azerbaijan; which is down by -5.8% against the year before. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 249%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene rose remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 188% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of polystyrene cellular plates, sheets and films to Azerbaijan, accounting for a 80% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Iran (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.5% per year) and Iran (+32.9% per year).

In value terms, Russia ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Azerbaijan, comprising 83% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.2% share of total imports. It was followed by Iran, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.6% per year) and Iran (+30.5% per year).

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, surging by 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 115%. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Russia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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