Report Update Nov 1, 2024

Azerbaijan - Herbicides - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Herbicide Market 2024

Herbicide Market Size in Azerbaijan

In 2021, the Azerbaijani herbicide market decreased by -2.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a strong increase. Over the period under review, the market attained the peak level at $X in 2020, and then contracted modestly in the following year.

Herbicide Exports

Exports from Azerbaijan

In 2021, shipments abroad of herbicides increased by 30% to X tons, rising for the third consecutive year after three years of decline. In general, exports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2015 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, herbicide exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 48% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for herbicide exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled -4.9%.

In value terms, Turkey ($X) also remains the key foreign market for herbicides exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled -6.5%.

Export Prices by Country

In 2021, the average herbicide export price amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -1.6% per year.

Herbicide Imports

Imports into Azerbaijan

In 2021, the amount of herbicides imported into Azerbaijan was estimated at X tons, growing by 10% compared with the year before. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2017 when imports increased by 214%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, herbicide imports contracted to $X in 2021. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 254%. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of herbicide to Azerbaijan, with a 69% share of total imports. Moreover, herbicide imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+36.9% per year) and France (+28.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of herbicides to Azerbaijan, comprising 55% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by France, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+39.1% per year) and France (+20.3% per year).

Import Prices by Country

The average herbicide import price stood at $X per ton in 2021, reducing by -15.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.1%), 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 herbicides in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 32% share of global consumption. These countries were followed by Japan, Brazil, Australia, Canada, Nigeria, Indonesia, France, Ukraine, South Africa and Thailand, which together accounted for a further 35%.

What are the largest producers of herbicides in the world?

China constituted the country with the largest volume of herbicide production, comprising approx. 44% of total volume. Moreover, herbicide production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 7.8% share.

What are the leading suppliers of herbicides to Azerbaijan?

In value terms, Turkey constituted the largest supplier of herbicide to Azerbaijan, comprising 55% of total imports. The second position in the ranking was occupied by Russia, with a 15% share of total imports. It was followed by France, with a 7.8% share.

What is the average export price for herbicides in Azerbaijan?

In 2018, the average herbicide export price amounted to $4,163 per ton, standing approx. at the previous year.

What is the average import price for herbicides in Azerbaijan?

The average herbicide import price stood at $8,192 per ton in 2021, declining by -17.1% against the previous year.

This report provides an in-depth analysis of the herbicide market 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 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles

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