Azerbaijan: Market for Rubber-to-Metal and Moulded Articles 2025

Market Size for Rubber-to-Metal and Moulded Articles in Azerbaijan

The Azerbaijani rubber-to-metal and moulded article market surged to $X in 2021, with an increase of 16% 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). Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Azerbaijan

In 2021, overseas shipments of rubber-to-metal and moulded articles increased by 158% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,643%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article exports surged to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 914%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Turkmenistan (X tons) was the main destination for rubber-to-metal and moulded article exports from Azerbaijan, with a 89% share of total exports. Moreover, rubber-to-metal and moulded article exports to Turkmenistan exceeded the volume sent to the second major destination, Georgia (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkmenistan totaled +92.5%.

In value terms, Turkmenistan ($X) emerged as the key foreign market for rubber-to-metal and moulded articles exports from Azerbaijan, comprising 83% of total exports. The second position in the ranking was taken by Georgia ($X), with a 5.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkmenistan totaled +42.4%.

Export Prices by Country

The average rubber-to-metal and moulded article export price stood at $X per ton in 2021, falling by -17.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 188%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Georgia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Azerbaijan

Rubber-to-metal and moulded article imports into Azerbaijan expanded modestly to X tons in 2021, surging by 1.5% compared with 2020 figures. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 232% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 343% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Azerbaijan, together comprising 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Russia ($X) constituted the largest rubber-to-metal and moulded article suppliers to Azerbaijan, together accounting for 50% of total imports.

Among the main suppliers, China, with a CAGR of +32.3%, 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 more modest paces of growth.

Import Prices by Country

The average rubber-to-metal and moulded article import price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber-to-metal and moulded article import price increased by +30.5% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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