Azerbaijan: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Azerbaijan

The Azerbaijani market for other plastic tubes, pipes and hoses surged to $X in 2022, jumping by 29% 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 modest growth. Consumption of peaked in 2022 and is likely to continue growth in years to come.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Azerbaijan

In 2022, exports of other plastic tubes, pipes and hoses from Azerbaijan soared to X tons, picking up by 977% compared with the previous year. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 29,075%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of other plastic tubes, pipes and hoses surged to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 3,486% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons) was the main destination for exports of other plastic tubes, pipes and hoses from Azerbaijan, accounting for a 96% share of total exports. It was followed by Turkey (X kg), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +146.8%.

In value terms, Russia ($X) emerged as the key foreign market for other plastic tubes, pipes and hoses exports from Azerbaijan, comprising 86% of total exports. The second position in the ranking was taken by Turkey ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +117.1%.

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, declining by -7.6% against the previous year. Overall, the export price showed a deep setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 289% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Azerbaijan

In 2022, supplies from abroad of other plastic tubes, pipes and hoses increased by 36% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports enjoyed perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 315%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of other plastic tubes, pipes and hoses skyrocketed to $X in 2022. In general, imports recorded a modest expansion. The growth pace was the most rapid in 2017 with an increase of 121%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Georgia (X tons) constituted the largest supplier of other plastic tubes, pipes and hoses to Azerbaijan, with a 42% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from Georgia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Georgia amounted to +179.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+52.3% per year) and Turkey (-14.9% per year).

In value terms, Italy ($X), China ($X) and Turkey ($X) appeared to be the largest other plastic tubes, pipes and hoses suppliers to Azerbaijan, together accounting for 59% of total imports. Georgia and Russia lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Georgia, with a CAGR of +130.2%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, dropping by -10.5% against the previous year. Over the period under review, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 60%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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