Report Update Nov 1, 2024

Azerbaijan - Chewing Gum - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Chewing Gum Market 2024

Chewing Gum Market Size in Azerbaijan

The Azerbaijani chewing gum market declined to $X in 2021, falling by -5.5% against the previous year. Over the period under review, consumption showed a perceptible descent. Chewing gum consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Chewing Gum Production in Azerbaijan

In value terms, chewing gum production contracted to $X in 2021 estimated in export price. In general, production, however, saw a noticeable descent. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Chewing Gum Exports

Exports from Azerbaijan

After four years of decline, overseas shipments of chewing gum increased by 688% to X kg in 2021. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, chewing gum exports surged to $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X kg) was the main destination for chewing gum exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia stood at -15.0%.

In value terms, Georgia ($X) also remains the key foreign market for chewing gum exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Georgia stood at -12.5%.

Export Prices by Country

In 2021, the average chewing gum export price amounted to $X per ton, falling by -28.1% against the previous year. In general, the export price, however, posted a moderate increase. The growth pace was the most rapid in 2014 an increase of 51%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell sharply in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to +2.9% per year.

Chewing Gum Imports

Imports into Azerbaijan

In 2021, the amount of chewing gum imported into Azerbaijan fell to X tons, which is down by -13.3% compared with the previous year. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 87%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chewing gum imports dropped modestly to $X in 2021. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 365%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of chewing gum to Azerbaijan, accounting for a 71% share of total imports. Moreover, chewing gum imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. Pakistan (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-23.9% per year) and Pakistan (+9.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of chewing gum to Azerbaijan, comprising 63% of total imports. The second position in the ranking was taken by Russia ($X), with a 17% share of total imports. It was followed by Pakistan, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-7.8% per year) and Pakistan (+10.6% per year).

Import Prices by Country

In 2021, the average chewing gum import price amounted to $X per ton, growing by 13% against the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 148% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chewing gum in the world?

China constituted the country with the largest volume of chewing gum consumption, accounting for 15% of total volume. Moreover, chewing gum consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 4.9% share.

What are the largest producers of chewing gum in the world?

China constituted the country with the largest volume of chewing gum production, accounting for 19% of total volume. Moreover, chewing gum production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Turkey, with a 5.9% share.

What are the leading suppliers of chewing gum to Azerbaijan?

In value terms, Turkey constituted the largest supplier of chewing gum to Azerbaijan, comprising 74% of total imports. The second position in the ranking was occupied by Russia, with a 19% share of total imports. It was followed by Pakistan, with a 3.6% share.

What are the leading importers of chewing gum from Azerbaijan?

In value terms, Georgia remains the key foreign market for chewing gum exports from Azerbaijan.

What is the average export price for chewing gum in Azerbaijan?

In 2020, the average chewing gum export price amounted to $2,514 per ton, with a decrease of -2.3% against the previous year.

What is the average import price for chewing gum in Azerbaijan?

The average chewing gum import price stood at $3,523 per ton in 2020, reducing by -7.6% against the previous year.

This report provides an in-depth analysis of the chewing gum market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10822310 - Chewing gum

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023