Azerbaijan: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Azerbaijan

The Azerbaijani market for floor, wall or ceiling coverings of plastics rose notably to $X in 2022, increasing by 14% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Azerbaijan

In value terms, production of floor, wall or ceiling coverings of plastics amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 34% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Azerbaijan

In 2022, exports of floor, wall or ceiling coverings of plastics from Azerbaijan soared to X square meters, growing by 59,757% compared with 2021. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Azerbaijan, with a approx. 100% share of total exports.

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

In value terms, Switzerland ($X) emerged as the key foreign market for floor, wall or ceiling coverings of plastics exports from Azerbaijan.

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

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, dropping by -69.4% against the previous year. Over the period under review, the export price saw a pronounced slump. The growth pace was the most rapid in 2017 an increase of 125% against the previous year. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +1.9% per year.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Azerbaijan

In 2022, supplies from abroad of floor, wall or ceiling coverings of plastics increased by 21% to X square meters, rising for the sixth year in a row after three years of decline. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.7% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 63%. As a result, imports reached the peak of X square meters. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics soared to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 105%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Azerbaijan, accounting for a 41% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), threefold. Russia (X square meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.5% per year) and Russia (+24.6% per year).

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Azerbaijan were China ($X), the Netherlands ($X) and Turkey ($X), together accounting for 52% of total imports. Russia, Ukraine, France and Iran lagged somewhat behind, together accounting for a further 36%.

Russia, with a CAGR of +28.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, increasing by 8.9% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 43%. As a result, import price attained the peak level of $X per square meter. From 2017 to 2022, the average 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 the Netherlands ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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