Report Update Nov 1, 2024

Azerbaijan - Glass Fibres and Glass Wool - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Azerbaijan

The Azerbaijani glass fibres and wool market surged to $X in 2022, increasing by 161% 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). In general, consumption, however, recorded a deep contraction. Glass fibres and wool consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Azerbaijan

In 2022, glass fibres and wool exports from Azerbaijan soared to X kg, rising by 227% against 2021. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 43,945%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibres and wool exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 55,629%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for glass fibres and wool exports from Azerbaijan, with a 74% share of total exports. Moreover, glass fibres and wool exports to Turkey exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-19.0% per year) and the UK (+17.8% per year).

In value terms, the largest markets for glass fibres and wool exported from Azerbaijan were Saudi Arabia ($X), Turkey ($X) and the UK ($X).

In terms of the main countries of destination, the UK, with a CAGR of +82.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, with an increase of 48% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Turkey ($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 the UK (+54.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Azerbaijan

In 2022, purchases abroad of glass fibres and glass wool was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 409% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass fibres and wool imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 739%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Russia (X tons) were the main suppliers of glass fibres and wool imports to Azerbaijan, together accounting for 94% of total imports. India and Georgia lagged somewhat behind, together comprising a further 2.9%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool suppliers to Azerbaijan were Turkey ($X), China ($X) and Russia ($X), together accounting for 62% of total imports. India and Georgia lagged somewhat behind, together accounting for a further 4.2%.

India, with a CAGR of +46.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, declining by -39.1% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 91% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+19.4%), 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 glass fibres and glass wool in the world?

The countries with the highest volumes of in 2021 were China, the UK and India, with a combined 38% share of global consumption. These countries were followed by the United States, Japan, Belgium, Russia, France, Mexico, Germany, Turkey, South Korea and Finland, which together accounted for a further 33%.

What are the largest producers of glass fibres and glass wool in the world?

The country with the largest volume of glass fibres and wool production was China, comprising approx. 25% of total volume. Moreover, glass fibres and wool production in China exceeded the figures recorded by the second-largest producer, the UK, twofold. India ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of glass fibres and glass wool to Azerbaijan?

In value terms, Malaysia constituted the largest supplier of glass fibres and wool to Azerbaijan, comprising 37% of total imports. The second position in the ranking was occupied by China, with a 16% share of total imports. It was followed by Iran, with a 10% share.

What are the leading importers of glass fibres and glass wool from Azerbaijan?

In value terms, Turkey $976) and Russia $973) appeared to be the largest markets for glass fibres and wool exported from Azerbaijan worldwide.

What is the average export price for glass fibres and glass wool in Azerbaijan?

The average glass fibres and wool export price stood at $17,559 per ton in 2021, shrinking by -5.6% against the previous year.

What is the average import price for glass fibres and glass wool in Azerbaijan?

In 2021, the average glass fibres and wool import price amounted to $9,320 per ton, jumping by 47% against the previous year.

This report provides an in-depth analysis of the market for glass fibres and wool 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 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)

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