Azerbaijan: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Azerbaijan

The Azerbaijani halogenated hydrocarbon derivative market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Halogenated Hydrocarbon Derivative Production in Azerbaijan

In value terms, halogenated hydrocarbon derivative production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% 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 2014 when the production volume increased by 4.5%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Azerbaijan

In 2017, the amount of halogenated derivatives of hydrocarbons exported from Azerbaijan amounted to X kg, remaining stable against 2016 figures. In general, exports saw a sharp curtailment. The smallest decline of 99.9% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports stood at $X in 2017. Overall, exports faced a abrupt descent. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for halogenated hydrocarbon derivative exports from Azerbaijan, accounting for a 96% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Georgia exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2013 to 2017, the average annual growth rate of volume to Georgia stood at -30.6%.

From 2013 to 2017, the average annual growth rate of value to Georgia stood at -1.3%.

Export Prices by Country

In 2017, the average halogenated hydrocarbon derivative export price amounted to $X per ton, remaining constant against the previous year. In general, the export price saw significant growth. The growth pace was the most rapid in 2014 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2017 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2017, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2013 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+42.3%).

Halogenated Hydrocarbon Derivative Imports

Imports into Azerbaijan

In 2022, after three years of decline, there was significant growth in supplies from abroad of halogenated derivatives of hydrocarbons, when their volume increased by 55% to X tons. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 184%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports soared to $X in 2022. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 337%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of halogenated hydrocarbon derivative to Azerbaijan, with a 81% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-15.0% per year) and India (+103.9% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Azerbaijan, comprising 90% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.1% share of total imports. It was followed by Germany, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-5.8% per year) and Germany (+12.7% per year).

Import Prices by Country

In 2022, the average halogenated hydrocarbon derivative import price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 148%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2022.

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 Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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