Azerbaijan: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Azerbaijan

The Azerbaijani market for plastic hoses and hose fittings reduced modestly to $X in 2021, with a decrease of -3.8% 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, however, saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Azerbaijan

In 2021, plastic hose and hose fitting exports from Azerbaijan declined remarkably to X tons, shrinking by -67.7% on 2020 figures. Overall, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2015 when exports increased by 739% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports contracted notably to $X in 2021. Over the period under review, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2015 with an increase of 502% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X tons), Uzbekistan (X kg) and Russia (X kg) were the main destinations of plastic hose and hose fitting exports from Azerbaijan, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +311.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic hose and hose fitting exported from Azerbaijan were Georgia ($X), Germany ($X) and Russia ($X), together accounting for 79% of total exports. The UK, Uzbekistan and Kazakhstan lagged somewhat behind, together accounting for a further 9.5%.

Uzbekistan, with a CAGR of +555.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, growing by 14% against the previous year. In general, the export price recorded a tangible expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 187% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Uzbekistan ($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 Uzbekistan (+59.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Azerbaijan

In 2021, purchases abroad of plastic hoses and hose fittings increased by 4.3% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 528%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports shrank to $X in 2021. In general, imports, however, showed a mild decrease. The pace of growth was the most pronounced in 2016 when imports increased by 564% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), China (X tons) and Georgia (X tons) were the main suppliers of plastic hose and hose fitting imports to Azerbaijan, together accounting for 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Georgia (with a CAGR of +83.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Azerbaijan were Turkey ($X), Italy ($X) and China ($X), together accounting for 45% of total imports. These countries were followed by Georgia, Russia, Ukraine and Iran, which together accounted for a further 18%.

Among the main suppliers, Georgia, with a CAGR of +39.1%, 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

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, with a decrease of -11.8% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic hose and hose fitting import price increased by +37.5% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 59%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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