Azerbaijan: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Azerbaijan

The Azerbaijani oils from coal tar market reduced markedly to $X in 2021, falling by -89.1% against the previous year. Over the period under review, consumption faced a precipitous descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Azerbaijan

In value terms, oils from coal tar production reached $X in 2021 estimated in export price. Over the period under review, production saw a drastic downturn. The growth pace was the most rapid in 2019 when the production volume increased by 5.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Azerbaijan

In 2021, exports of oils and other products of the distillation of high temperature coal tar from Azerbaijan surged to X tons, jumping by 45% on 2020. In general, exports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of 487% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, oils from coal tar exports soared to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 227%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for oils from coal tar exports from Azerbaijan, with a 89% share of total exports. Moreover, oils from coal tar exports to Turkey exceeded the volume sent to the second major destination, Cyprus (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+23.2% per year) and the Netherlands (+19.6% per year).

In value terms, Turkey ($X) remains the key foreign market for oils and other products of the distillation of high temperature coal tar exports from Azerbaijan, comprising 69% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+17.6% per year) and the Netherlands (+14.1% per year).

Export Prices by Country

The average oils from coal tar export price stood at $X per ton in 2021, surging by 78% against the previous year. In general, the export price, however, recorded a deep slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($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 Cyprus (-4.5%), while the prices for the other major destinations experienced a decline.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Azerbaijan

After two years of decline, purchases abroad of oils and other products of the distillation of high temperature coal tar increased by 25% to X tons in 2021. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 712% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, oils from coal tar imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 604%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of oils from coal tar imports to Azerbaijan, with a combined 51% share of total imports. These countries were followed by Iran, the United Arab Emirates and Italy, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +201.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Belgium ($X) were the largest oils from coal tar suppliers to Azerbaijan, with a combined 54% share of total imports. Iran, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further 11%.

The United Arab Emirates, with a CAGR of +197.6%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average oils from coal tar import price amounted to $X per ton, growing by 22% against the previous year. In general, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 the United Arab Emirates ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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