Azerbaijan: Particle Board Market 2025

Particle Board Market Size in Azerbaijan

The Azerbaijani particle board market dropped to $X in 2022, waning by -5.8% against the previous year. In general, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Particle Board Production in Azerbaijan

In value terms, particle board production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 2.4%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Particle Board Exports

Exports from Azerbaijan

For the fourth year in a row, Azerbaijan recorded decline in overseas shipments of particle board, which decreased by 0% to X cubic meters in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,800%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, particle board exports stood at $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 21,343% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X cubic meters) was the main destination for particle board exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at +78.1%.

From 2012 to 2022, the average annual growth rate of value to Georgia stood at +118.7%.

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, flattening at the previous year. In general, the export price showed a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 2,363%. As a result, the export price attained the peak level of $X per cubic meter. From 2014 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +22.8% per year.

Particle Board Imports

Imports into Azerbaijan

In 2022, the amount of particle board imported into Azerbaijan fell slightly to X cubic meters, which is down by -3% on the previous year. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Over the period under review, imports attained the maximum at X cubic meters in 2021, and then dropped in the following year.

In value terms, particle board imports contracted to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest supplier of particle board to Azerbaijan, accounting for a 65% share of total imports. Moreover, particle board imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X cubic meters), fivefold. Turkey (X cubic meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+24.4% per year) and Turkey (+2.6% per year).

In value terms, Russia ($X) constituted the largest supplier of particle board to Azerbaijan, comprising 66% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Belarus, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.1% per year) and Belarus (+24.2% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, shrinking by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. As a result, import price attained the peak level of $X per cubic meter, and then declined in the following year.

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 Turkey ($X per cubic meter), while the price for Iran ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+68.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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