Azerbaijan: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Azerbaijan

After two years of decline, the Azerbaijani market for plastics pipes and pipe fittings increased by 114% to $X in 2022. Over the period under review, consumption, however, recorded a pronounced contraction. Plastics pipe and pipe fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Azerbaijan

In 2022, shipments abroad of plastics pipes and pipe fittings decreased by -14.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 341% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, plastics pipe and pipe fitting exports contracted slightly to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 452% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Georgia (X tons) was the main destination for plastics pipe and pipe fitting exports from Azerbaijan, with a 69% share of total exports. Moreover, plastics pipe and pipe fitting exports to Georgia exceeded the volume sent to the second major destination, Kazakhstan (X tons), ninefold. The third position in this ranking was taken by Tajikistan (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia totaled +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+9.7% per year) and Tajikistan (+56.1% per year).

In value terms, Georgia ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Azerbaijan, comprising 60% of total exports. The second position in the ranking was held by Tajikistan ($X), with an 8.3% share of total exports. It was followed by Kazakhstan, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+42.0% per year) and Kazakhstan (+6.5% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, picking up by 17% against the previous year. In general, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2016 an increase of 114%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Georgia ($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 Italy (+6.1%), while the prices for the other major destinations experienced a decline.

Imports of Plastics Pipes And Pipe Fittings

Imports into Azerbaijan

In 2022, approx. X tons of plastics pipes and pipe fittings were imported into Azerbaijan; picking up by 63% against 2021 figures. In general, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 95%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports surged to $X in 2022. Over the period under review, imports, however, saw a slight setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Azerbaijan, accounting for a 78% share of total imports. Moreover, plastics pipe and pipe fitting imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+24.5% per year) and China (+31.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of plastics pipes and pipe fittings to Azerbaijan, comprising 69% of total imports. The second position in the ranking was taken by Russia ($X), with an 8.2% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+36.6% per year) and Italy (+31.2% per year).

Import Prices by Country

The average import price for plastics pipes and pipe fittings stood at $X per ton in 2022, reducing by -11.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 97%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for Iran ($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 (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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