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

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

In 2021, the Azerbaijani market for plastic fittings for tubes, pipes and hoses decreased by -8.3% to $X, falling for the second consecutive year after three years of growth. Overall, consumption faced a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Azerbaijan

In 2021, approx. X tons of plastic fittings for tubes, pipes and hoses were exported from Azerbaijan; falling by -31.6% compared with the previous year's figure. In general, exports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2020 with an increase of 297% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 259%. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Azerbaijan, accounting for a 74% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Uzbekistan exceeded the volume sent to the second major destination, Russia (X tons), sixfold. Turkey (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan totaled +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-12.2% per year) and Turkey (-3.7% per year).

In value terms, Uzbekistan ($X) remains the key foreign market for plastic fittings for tubes, pipes and hoses exports from Azerbaijan, comprising 83% of total exports. The second position in the ranking was held by Russia ($X), with a 9% share of total exports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan totaled +44.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-19.9% per year) and Turkey (-12.4% per year).

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 79% against the previous year. In general, the export price, however, showed a pronounced setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Georgia ($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 Ukraine (+7.1%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Azerbaijan

In 2021, overseas purchases of plastic fittings for tubes, pipes and hoses decreased by -11.3% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by 157% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses fell to $X in 2021. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 122% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest plastic fittings for tubes, pipes and hoses supplier to Azerbaijan, accounting for a 68% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+43.5% per year) and Russia (+27.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Azerbaijan, comprising 61% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Russia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+43.2% per year) and Russia (+23.6% per year).

Import Prices by Country

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, rising by 5.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 110% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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