Azerbaijan: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Azerbaijan

The Azerbaijani non-woven glass fibre articles market rose markedly to $X in 2021, surging by 8.7% 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, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.6% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Azerbaijan

In 2021, after two years of growth, there was significant decline in overseas shipments of non-woven glass fibre webs, felts, mattresses and boards, when their volume decreased by -46.3% to X tons. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 487%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports declined slightly to $X in 2021. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2019 when exports increased by 500% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X tons) was the main destination for non-woven glass fibre articles exports from Azerbaijan, with a 98% share of total exports. It was followed by Tajikistan (X kg), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia totaled +13.1%.

In value terms, Georgia ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Azerbaijan, comprising 91% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 9.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia totaled +10.9%.

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, picking up by 86% against the previous year. In general, the export price, however, recorded a slight setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Georgia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-2.0%).

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Azerbaijan

Non-woven glass fibre articles imports into Azerbaijan reached X tons in 2021, with an increase of 5.6% compared with the previous year's figure. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, non-woven glass fibre articles imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by 54%. 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

Iran (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of non-woven glass fibre articles imports to Azerbaijan, together accounting for 71% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +25.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Iran ($X) and Turkey ($X) appeared to be the largest non-woven glass fibre articles suppliers to Azerbaijan, with a combined 56% share of total imports.

In terms of the main suppliers, Iran, with a CAGR of +17.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-woven glass fibre articles import price stood at $X per ton in 2021, growing by 12% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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