Report Update Nov 1, 2024

Azerbaijan - Lauric Acid and Others, Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Azerbaijan

The Azerbaijani market for lauric acid and other acids, their salts and esters rose slightly to $X in 2021, with an increase of 1.6% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Azerbaijan

In value terms, production of lauric acid and other acids, their salts and esters stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports by Country

Georgia (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Azerbaijan, with a approx. 100% share of total exports.

From 2015 to 2015, the average annual growth rate of volume to Georgia was relatively modest.

From 2015 to 2015, the average annual rate of growth in terms of value to Georgia was relatively modest.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Azerbaijan

In 2021, supplies from abroad of lauric acid and other acids, their salts and esters decreased by -64.4% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports saw a precipitous decline. The pace of growth appeared the most rapid in 2015 with an increase of 428%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters contracted sharply to $X in 2021. Over the period under review, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 558%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Russia (X tons), Turkey (X kg) and the Netherlands (X kg) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Azerbaijan, with a combined 59% share of total imports. These countries were followed by China, Malaysia, South Korea and Germany, which together accounted for a further 38%.

From 2013 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +158.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Azerbaijan, comprising 39% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2013 to 2021, the average annual growth rate of value from China amounted to +46.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (0.0% per year) and the Netherlands (+100.6% per year).

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, with an increase of 51% against the previous year. Overall, the import price showed a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 184%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by China (+51.6%), 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 lauric acid and other acids, their salts and esters in the world?

The countries with the highest volumes of consumption of lauric acid and other acids, their salts and esters in 2020 were China, the United States and the Netherlands, together accounting for 44% of global consumption.

What are the largest producers of lauric acid and other acids, their salts and esters in the world?

The countries with the highest volumes of production of lauric acid and other acids, their salts and esters in 2020 were Indonesia, China and Malaysia, together accounting for 46% of global production.

What are the leading suppliers of lauric acid and other acids, their salts and esters to Azerbaijan?

In value terms, Turkey constituted the largest supplier of lauric acid and other acids, their salts and esters to Azerbaijan, comprising 51% of total imports. The second position in the ranking was occupied by the United States, with a 23% share of total imports. It was followed by the Netherlands, with an 8% share.

What is the average export price for lauric acid and other acids, their salts and esters in Azerbaijan?

The average export price for lauric acid and other acids, their salts and esters stood at $3,253 per ton in 2015, almost unchanged from the previous year.

What is the average import price for lauric acid and other acids, their salts and esters in Azerbaijan?

In 2020, the average import price for lauric acid and other acids, their salts and esters amounted to $3,628 per ton, surging by 15% against the previous year.

This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters 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 20143280 - Lauric acid and others, salts and esters

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