Azerbaijan: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Azerbaijan

The Azerbaijani graphite non-electrical articles market declined to $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2019 indices. Graphite non-electrical articles consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Graphite Non-Electrical Articles Production in Azerbaijan

In value terms, graphite non-electrical articles production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Graphite non-electrical articles production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Graphite Non-Electrical Articles Exports

Exports from Azerbaijan

In 2022, graphite non-electrical articles exports from Azerbaijan amounted to X kg, therefore, remained relatively stable against the previous year's figure. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of 99.9% was in 2021. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles exports stood at $X in 2022. Overall, exports saw a precipitous setback. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for graphite non-electrical articles exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Russia amounted to -40.3%.

From 2015 to 2022, the average annual rate of growth in terms of value to Russia totaled -17.2%.

Export Prices by Country

In 2022, the average graphite non-electrical articles export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9% against the previous year. 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 2015 to 2022, the rate of growth in terms of prices for Turkey amounted to +281.7% per year.

Graphite Non-Electrical Articles Imports

Imports into Azerbaijan

In 2022, overseas purchases of non-electrical articles of graphite or other carbon decreased by -15.9% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2015 when imports increased by 147% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, graphite non-electrical articles imports dropped to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 117%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of graphite non-electrical articles to Azerbaijan, with a 43% share of total imports. Moreover, graphite non-electrical articles imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.3% per year) and the United Arab Emirates (+4.1% per year).

In value terms, Germany ($X), India ($X) and Singapore ($X) were the largest graphite non-electrical articles suppliers to Azerbaijan, with a combined 31% share of total imports.

In terms of the main suppliers, India, with a CAGR of +133.9%, recorded the highest growth rate of 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 graphite non-electrical articles import price stood at $X per ton in 2022, rising by 4.6% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2016 an increase of 73% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+74.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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