Report Update Nov 1, 2024

Azerbaijan - Ink-Pads - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Ink-Pad Market 2024

Ink-Pad Market Size in Azerbaijan

The Azerbaijani ink-pad market was estimated at $X in 2022, growing by 12% against the previous year. Overall, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ink-Pad Production in Azerbaijan

In value terms, ink-pad production amounted to $X in 2022 estimated in export price. In general, production, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 69% against the previous year. Ink-pad production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ink-Pad Exports

Exports from Azerbaijan

Ink-pad exports from Azerbaijan totaled X units in 2022, stabilizing at the previous year. In general, exports saw a significant expansion. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, ink-pad exports totaled $X in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X units) was the main destination for ink-pad exports from Azerbaijan, with a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest.

From 2017 to 2022, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

The average ink-pad export price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2018 a decrease of 99.9%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2017 to 2022, the rate of growth in terms of prices for Russia amounted to 0.0% per year.

Ink-Pad Imports

Imports into Azerbaijan

In 2022, supplies from abroad of ink-pads increased by 58% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 13,933%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, ink-pad imports soared to $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 16,050% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest ink-pad supplier to Azerbaijan, accounting for a 61% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Romania (X units), threefold. Austria (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +70.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+918.9% per year) and Austria (+48.7% per year).

In value terms, Austria ($X) constituted the largest supplier of ink-pads to Azerbaijan, comprising 70% of total imports. The second position in the ranking was held by Romania ($X), with a 14% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria totaled +64.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+1,192.7% per year) and China (+37.8% per year).

Import Prices by Country

In 2022, the average ink-pad import price amounted to $X per unit, which is down by -20.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 81% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+24.1%), 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 ink-pads in the world?

The country with the largest volume of ink-pad consumption was South Africa, accounting for 86% of total volume. It was followed by the United States, with a 1.9% share of total consumption.

What are the largest producers of ink-pads in the world?

South Africa remains the largest ink-pad producing country worldwide, comprising approx. 98% of total volume.

What are the leading suppliers of ink-pads to Azerbaijan?

In value terms, Austria constituted the largest supplier of ink-pad to Azerbaijan, comprising 62% of total imports. The second position in the ranking was occupied by China $924), with an 11% share of total imports. It was followed by the Czech Republic, with a 5.1% share.

What is the average export price for ink-pads in Azerbaijan?

In 2017, the average ink-pad export price amounted to $0.8 per unit, remaining stable against the previous year.

What is the average import price for ink-pads in Azerbaijan?

The average ink-pad import price stood at $0.9 per unit in 2021, rising by 15% against the previous year.

This report provides an in-depth analysis of the ink-pad 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 32991650 - Ink-pads (excluding hand operated ink-rollers)

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