Report Update Nov 1, 2024

Azerbaijan - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Azerbaijan

The Azerbaijani market for palmitic acid, stearic acid, their salts and esters shrank notably to $X in 2021, with a decrease of -34.6% 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). In general, consumption saw a abrupt curtailment. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Azerbaijan

In 2021, the amount of palmitic acid, stearic acid, their salts and esters exported from Azerbaijan was estimated at X tons, approximately mirroring 2020 figures. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of palmitic acid, stearic acid, their salts and esters stood at $X in 2021. In general, exports enjoyed prominent growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2015 to 2021, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, leveling off at the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2016 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2015 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Azerbaijan

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were imported into Azerbaijan; waning by -24.8% on 2020. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 221%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters fell notably to $X in 2021. Overall, imports saw a pronounced descent. The growth pace was the most rapid in 2015 with an increase of 275% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest palmitic acid, stearic acid, their salts and esters supplier to Azerbaijan, with a 43% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.7% per year) and Turkey (+16.1% per year).

In value terms, the United Arab Emirates ($X), Germany ($X) and Turkey ($X) appeared to be the largest palmitic acid, stearic acid, their salts and esters suppliers to Azerbaijan, together accounting for 68% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +44.7%, 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 2021, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, declining by -8.2% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for palmitic acid, stearic acid, their salts and esters increased by +20.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Singapore ($X per ton), while the price for the UK ($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 (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palmitic acid, stearic acid, their salts and esters in the world?

China constituted the country with the largest volume of consumption of palmitic acid, stearic acid, their salts and esters, accounting for 23% of total volume. Moreover, consumption of palmitic acid, stearic acid, their salts and esters in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of palmitic acid, stearic acid, their salts and esters in the world?

The countries with the highest volumes of production of palmitic acid, stearic acid, their salts and esters in 2021 were China, India and Indonesia, with a combined 44% share of global production. These countries were followed by Malaysia, the United States, Japan, Pakistan, Brazil, Germany, Italy, Singapore, Turkey and Mexico, which together accounted for a further 40%.

What are the leading suppliers of palmitic acid, stearic acid, their salts and esters to Azerbaijan?

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Azerbaijan were Turkey, Spain and Germany.

What is the average export price for palmitic acid, stearic acid, their salts and esters in Azerbaijan?

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $1,650 per ton, approximately mirroring the previous year.

What is the average import price for palmitic acid, stearic acid, their salts and esters in Azerbaijan?

The average import price for palmitic acid, stearic acid, their salts and esters stood at $2,287 per ton in 2021, shrinking by -8.2% against the previous year.

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143235 - Palmitic acid, stearic acid, their salts and esters

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023