Azerbaijan: Plaster Market 2025

Plaster Market Size in Azerbaijan

The Azerbaijani plaster market fell to $X in 2022, with a decrease of -2% against the previous year. Overall, consumption continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 8.4% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Plaster Production in Azerbaijan

In value terms, plaster production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.1% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plaster Exports

Exports from Azerbaijan

After three years of decline, shipments abroad of plaster decreased by 0% to X tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 1,404% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, plaster exports totaled $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,379%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X tons) and Russia (X tons) were the main destinations of plaster exports from Azerbaijan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +100.5%).

In value terms, Georgia ($X) and Russia ($X) appeared to be the largest markets for plaster exported from Azerbaijan worldwide.

Georgia, with a CAGR of +92.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average plaster export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($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 Russia (-3.3%).

Plaster Imports

Imports into Azerbaijan

Plaster imports into Azerbaijan dropped to X tons in 2022, which is down by -8.4% against 2021. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 64%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster imports surged to $X in 2022. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 234% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iran (X tons) constituted the largest plaster supplier to Azerbaijan, with a 89% share of total imports. Moreover, plaster imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran stood at +43.3%.

In value terms, Iran ($X) and Turkey ($X) were the largest plaster suppliers to Azerbaijan.

Among the main suppliers, Iran, with a CAGR of +55.4%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average plaster import price amounted to $X per ton, picking up by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 184%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.6%).

Source: IndexBox Platform

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