Azerbaijan: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Azerbaijan

The Azerbaijani multiple-walled insulating glass unit market contracted remarkably to $X in 2021, falling by -15.9% 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). Overall, consumption continues to indicate a dramatic shrinkage. Multiple-walled insulating glass unit consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Azerbaijan

In 2021, overseas shipments of multiple-walled insulating units of glass decreased by -21.1% to X square meters, falling for the second consecutive year after two years of decline. In general, exports, however, saw a significant increase. The exports peaked at X square meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit exports contracted sharply to $X in 2021. Over the period under review, exports, however, showed significant growth. The smallest decline of -19% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X square meters) was the main destination for multiple-walled insulating glass unit exports from Azerbaijan, accounting for a 91% share of total exports. Moreover, multiple-walled insulating glass unit exports to Georgia exceeded the volume sent to the second major destination, Russia (X square meters), more than tenfold.

From 2013 to 2021, the average annual growth rate of volume to Georgia totaled +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-8.5% per year) and Uzbekistan (+3,975.0% per year).

In value terms, Georgia ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Azerbaijan, comprising 88% of total exports. The second position in the ranking was taken by Russia ($X), with an 8% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Georgia stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-3.3% per year) and Uzbekistan (+6,409.7% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, falling by -39.5% against the previous year. In general, the export price, however, showed notable growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 165% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Georgia ($X per square meter) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+78.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Azerbaijan

Multiple-walled insulating glass unit imports into Azerbaijan fell to X square meters in 2021, with a decrease of -11.7% on the previous year's figure. Overall, imports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of 123%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports dropped notably to $X in 2021. Over the period under review, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 97% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X square meters), Russia (X square meters) and China (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Azerbaijan, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +4.2%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X), China ($X) and Russia ($X) constituted the largest multiple-walled insulating glass unit suppliers to Azerbaijan, with a combined 96% share of total imports.

China, with a CAGR of -8.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, declining by -8.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 40%. As a result, import price reached the peak level of $X per square meter, and then dropped in the following year.

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 Germany ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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