Azerbaijan: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Azerbaijan

In 2022, the Azerbaijani market for flexible tubes, pipes and hoses of plastics, with fittings decreased by -31.3% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a noticeable expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Azerbaijan

After five years of decline, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings increased by 150% to X kg in 2022. Overall, exports, however, recorded a deep downturn. Over the period under review, the exports of attained the maximum at X kg in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings contracted significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 184%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Azerbaijan, with a 84% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to Russia exceeded the volume sent to the second major destination, the UK (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, the UK ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Azerbaijan, comprising 100% of total exports. The second position in the ranking was taken by Russia ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to -14.9%.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, waning by -76.8% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 59%. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+12.7%).

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Azerbaijan

In 2022, after two years of growth, there was significant decline in overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings, when their volume decreased by -36.2% to X tons. In general, imports recorded a noticeable setback. The growth pace was the most rapid in 2016 with an increase of 2,784% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings reduced dramatically to $X in 2022. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 2,151% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Russia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with fittings to Azerbaijan, with a combined 80% share of total imports. France, the United States and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +43.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, with fittings to Azerbaijan, comprising 27% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+26.0% per year) and the UK (+21.5% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, the import price posted strong growth. The pace of growth appeared the most rapid in 2013 an increase of 122% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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