Azerbaijan: Assembled Parquet Panels Market 2025

Assembled Parquet Panels Market Size in Azerbaijan

The Azerbaijani assembled parquet panels market skyrocketed to $X in 2021, surging by 18% 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, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +49.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Assembled Parquet Panels Exports

Exports from Azerbaijan

In 2021, shipments abroad of assembled parquet panels decreased by -11.8% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 378%. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, assembled parquet panels exports reduced dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,140% against the previous year. The exports peaked at $X in 2020, and then fell remarkably in the following year.

Exports by Country

Russia (X tons), Kazakhstan (X tons) and Georgia (X tons) were the main destinations of assembled parquet panels exports from Azerbaijan.

From 2012 to 2021, the biggest increases were recorded for Georgia (with a CAGR of +12.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) remains the key foreign market for assembled parquet panels exports from Azerbaijan, comprising 80% of total exports. The second position in the ranking was taken by Georgia ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+4.6% per year) and Kazakhstan (0.0% per year).

Export Prices by Country

In 2021, the average assembled parquet panels export price amounted to $X per ton, which is down by -25.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 159% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan ($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 Iraq (+529.7%), while the prices for the other major destinations experienced mixed trend patterns.

Assembled Parquet Panels Imports

Imports into Azerbaijan

In 2021, approx. X tons of assembled parquet panels were imported into Azerbaijan; increasing by 9.6% on the year before. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 93%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, assembled parquet panels imports soared to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Turkey (X tons) and Ukraine (X tons) were the main suppliers of assembled parquet panels imports to Azerbaijan, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +71.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Russia ($X) and Ukraine ($X) appeared to be the largest assembled parquet panels suppliers to Azerbaijan, with a combined 49% share of total imports.

Russia, with a CAGR of +44.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average assembled parquet panels import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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