Azerbaijan: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Azerbaijan

The Azerbaijani plastic self-adhesive plate market soared to $X in 2022, rising by 18% against the previous year. In general, consumption posted a strong increase. Plastic self-adhesive plate consumption peaked in 2022 and is likely to see gradual growth in years to come.

Plastic Self-Adhesive Plate Production in Azerbaijan

In value terms, plastic self-adhesive plate production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The growth pace was the most rapid in 2015 with an increase of 58% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Self-Adhesive Plate Exports

Exports from Azerbaijan

In 2022, approx. X tons of plastic self-adhesive plates, sheets and other flat shapes were exported from Azerbaijan; with an increase of 429% against 2021 figures. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 544%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, plastic self-adhesive plate exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 430% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X tons) was the main destination for plastic self-adhesive plate exports from Azerbaijan, with a 94% share of total exports. It was followed by Turkey (X kg), with a 2.5% share of total exports. Norway (X kg) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia totaled +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-33.7% per year) and Norway (+50.0% per year).

In value terms, Georgia ($X) emerged as the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Azerbaijan, comprising 91% of total exports. The second position in the ranking was taken by Norway ($X), with a 2.4% share of total exports. It was followed by Turkey, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia stood at +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+36.5% per year) and Turkey (-39.8% per year).

Export Prices by Country

In 2022, the average plastic self-adhesive plate export price amounted to $X per ton, falling by -59.5% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 133% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Self-Adhesive Plate Imports

Imports into Azerbaijan

In 2022, approx. X tons of plastic self-adhesive plates, sheets and other flat shapes were imported into Azerbaijan; surging by 16% against the previous year. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 80% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, plastic self-adhesive plate imports skyrocketed to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 72% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic self-adhesive plate to Azerbaijan, with a 63% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3.1% per year) and Russia (-4.2% per year).

In value terms, the largest plastic self-adhesive plate suppliers to Azerbaijan were China ($X), Turkey ($X) and Germany ($X), together comprising 73% of total imports.

Among the main suppliers, China, with a CAGR of +47.0%, recorded the highest growth rate of 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 2022, the average plastic self-adhesive plate import price amounted to $X per ton, rising by 3.2% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate import price increased by +71.7% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :