Azerbaijan: Construction Sands Market 2024

Construction Sands Market Size in Azerbaijan

The Azerbaijani construction sands market soared to $X in 2022, growing by 42% 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 saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Construction Sands Exports

Exports from Azerbaijan

In 2022, shipments abroad of construction sands increased by 6.7% to X kg, rising for the fifth consecutive year after three years of decline. In general, exports, however, saw a sharp downturn. The pace of growth was the most pronounced in 2014 when exports increased by 525% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, construction sands exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 366%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X kg) was the main destination for construction sands exports from Azerbaijan, with a 92% share of total exports. Moreover, construction sands exports to Georgia exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-35.5% per year) and Turkey (-21.1% per year).

In value terms, Georgia ($X) remains the key foreign market for construction sands exports from Azerbaijan, comprising 82% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Georgia amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-26.6% per year) and Turkey (+1.9% per year).

Export Prices by Country

The average construction sands export price stood at $X per ton in 2022, jumping by 57% against the previous year. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 188% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Georgia ($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 Slovakia (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Sands Imports

Imports into Azerbaijan

Construction sands imports into Azerbaijan soared to X tons in 2022, with an increase of 35% on the year before. In general, imports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when imports increased by 449% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, construction sands imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 849% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Russia (X tons) and Iran (X tons) were the main suppliers of construction sands imports to Azerbaijan, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +27.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X) constituted the largest supplier of construction sands to Azerbaijan, comprising 74% of total imports. The second position in the ranking was taken by Russia ($X), with a 12% share of total imports. It was followed by Iran, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.1% per year) and Iran (-6.7% per year).

Import Prices by Country

In 2022, the average construction sands import price amounted to $X per ton, picking up by 54% against the previous year. Over the period under review, the import price enjoyed a notable expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 246% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 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 Ukraine ($X per ton), while the price for Russia ($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 (+42.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :