Azerbaijan: Natural Sand Market 2022

Natural Sand Market Size in Azerbaijan

In 2021, the Azerbaijani natural sand market increased by 1.8% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Natural Sand Production in Azerbaijan

In value terms, natural sand production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The growth pace was the most rapid in 2014 when the production volume increased by 27%. Natural sand production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Natural Sand Exports

Exports from Azerbaijan

Natural sand exports from Azerbaijan declined rapidly to X tons in 2021, dropping by -19.6% compared with the previous year's figure. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 111% against the previous year. As a result, the exports reached the peak of X tons, and then declined markedly in the following year.

In value terms, natural sand exports surged to $X in 2021. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2018 with an increase of 200%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for natural sand exports from Azerbaijan, accounting for a 62% share of total exports. Moreover, natural sand exports to Italy exceeded the volume sent to the second major destination, Georgia (X tons), threefold. The Netherlands (X kg) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +1,627.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+30.1% per year) and the Netherlands (+9.9% per year).

In value terms, Italy ($X) emerged as the key foreign market for natural sand exports from Azerbaijan, comprising 85% of total exports. The second position in the ranking was taken by Georgia ($X), with a 13% share of total exports. It was followed by Tajikistan, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +196.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+58.4% per year) and Tajikistan (0.0% per year).

Export Prices by Country

The average natural sand export price stood at $X per ton in 2021, with an increase of 66% against the previous year. Overall, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 199%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+283.1%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Sand Imports

Imports into Azerbaijan

In 2021, overseas purchases of natural sands increased by 84% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural sand imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) was the main supplier of natural sand to Azerbaijan, with a 93% share of total imports. It was followed by Turkey (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-6.3% per year) and Iran (-7.0% per year).

In value terms, Russia ($X) constituted the largest supplier of natural sand to Azerbaijan, comprising 72% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.7% per year) and Iran (-5.1% per year).

Import Prices by Country

The average natural sand import price stood at $X per ton in 2021, declining by -12.4% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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