Report Update Nov 1, 2024

Azerbaijan - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Azerbaijan

The Azerbaijani tall oil fatty acids market fell rapidly to $X in 2021, with a decrease of -35.9% 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 continues to indicate a noticeable decline. Over the period under review, the market hit record highs at $X in 2020, and then fell notably in the following year.

Exports of Industrial Tall Oil Fatty Acids

Exports from Azerbaijan

In 2021, shipments abroad of industrial tall oil fatty acids decreased by -25% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 100% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, tall oil fatty acids exports contracted markedly to $X in 2021. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 106%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) and the UK (X tons) were the main destinations of tall oil fatty acids exports from Azerbaijan.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +7.6%).

In value terms, Kazakhstan ($X) remains the key foreign market for industrial tall oil fatty acids exports from Azerbaijan, comprising 67% of total exports. The second position in the ranking was held by the UK ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to +6.0%.

Export Prices by Country

The average tall oil fatty acids export price stood at $X per ton in 2021, waning by -4.1% against the previous year. In general, the export price recorded a mild contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-1.5%).

Imports of Industrial Tall Oil Fatty Acids

Imports into Azerbaijan

Tall oil fatty acids imports into Azerbaijan dropped notably to X tons in 2021, waning by -40.5% compared with 2020. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 436%. Imports peaked at X tons in 2020, and then plummeted in the following year.

In value terms, tall oil fatty acids imports fell dramatically to $X in 2021. Over the period under review, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 434% against the previous year. Imports peaked at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Belgium (X tons) were the main suppliers of tall oil fatty acids imports to Azerbaijan, together accounting for 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +29.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest tall oil fatty acids suppliers to Azerbaijan were China ($X), Turkey ($X) and Belgium ($X), together accounting for 78% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +29.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, rising by 16% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+46.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids consumption in 2020 were Sweden, the United States and Germany, together accounting for 25% of global consumption. China, Mexico, Italy, Russia, India, Belgium, Poland, Turkey, the Netherlands and Finland lagged somewhat behind, together comprising a further 35%.

What are the largest producers of industrial tall oil fatty acids in the world?

The countries with the highest volumes of tall oil fatty acids production in 2020 were the United States, Finland and Sweden, with a combined 78% share of global production. These countries were followed by France, the Netherlands, Austria and New Zealand, which together accounted for a further 15%.

What are the leading suppliers of industrial tall oil fatty acids to Azerbaijan?

In value terms, the largest tall oil fatty acids suppliers to Azerbaijan were the Netherlands, China and Belgium, together comprising 95% of total imports.

What are the leading importers of industrial tall oil fatty acids from Azerbaijan?

In value terms, Kazakhstan remains the key foreign market for tall oil fatty acids exports from Azerbaijan.

What is the average export price for industrial tall oil fatty acids in Azerbaijan?

The average tall oil fatty acids export price stood at $2,588 per ton in 2020, flattening at the previous year.

What is the average import price for industrial tall oil fatty acids in Azerbaijan?

The average tall oil fatty acids import price stood at $2,365 per ton in 2020, picking up by 22% against the previous year.

This report provides an in-depth analysis of the market for tall oil fatty acids 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 20143150 - Industrial tall oil fatty acids

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