Report Update Nov 1, 2024

Azerbaijan - Polishes for Coachwork - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Azerbaijan

In 2022, the Azerbaijani polishes for coachwork market decreased by -20% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a significant increase. Polishes for coachwork consumption peaked at $X in 2021, and then fell rapidly in the following year.

Polishes For Coachwork Exports

Exports from Azerbaijan

In 2022, the amount of polishes for coachwork exported from Azerbaijan shrank markedly to X kg, dropping by -55% compared with 2021. Over the period under review, exports showed a significant contraction. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, polishes for coachwork exports fell markedly to $X in 2022. In general, exports saw a precipitous curtailment. The growth pace was the most rapid in 2018 with an increase of 7.9%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for polishes for coachwork exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Georgia amounted to -41.1%.

In value terms, Georgia ($X) also remains the key foreign market for polishes for coachwork exports from Azerbaijan.

From 2017 to 2022, the average annual rate of growth in terms of value to Georgia totaled -35.7%.

Export Prices by Country

In 2022, the average polishes for coachwork export price amounted to $X per ton, rising by 11% against the previous year. In general, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2022, the rate of growth in terms of prices for Georgia amounted to +9.2% per year.

Polishes For Coachwork Imports

Imports into Azerbaijan

In 2022, overseas purchases of polishes for coachwork decreased by -30.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 14,778% against the previous year. Imports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, polishes for coachwork imports dropped markedly to $X in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2016 when imports increased by 24,015%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of polishes for coachwork imports to Azerbaijan, together comprising 84% of total imports. Russia, Germany, the United States, Italy and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +54.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Azerbaijan were China ($X), Turkey ($X) and Germany ($X), with a combined 75% share of total imports.

Germany, with a CAGR of +85.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 polishes for coachwork import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 Germany (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polishes for coachwork in the world?

China constituted the country with the largest volume of polishes for coachwork consumption, accounting for 30% of total volume. Moreover, polishes for coachwork consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Japan ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of polishes for coachwork in the world?

China constituted the country with the largest volume of polishes for coachwork production, comprising approx. 33% of total volume. Moreover, polishes for coachwork production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Japan, with a 6.3% share.

What are the leading suppliers of polishes for coachwork to Azerbaijan?

In value terms, Turkey, China and Germany were the largest polishes for coachwork suppliers to Azerbaijan, together accounting for 76% of total imports.

What are the leading importers of polishes for coachwork from Azerbaijan?

In value terms, the largest markets for polishes for coachwork exported from Azerbaijan were Georgia $112) and Tajikistan $102).

What is the average export price for polishes for coachwork in Azerbaijan?

The average polishes for coachwork export price stood at $2,187 per ton in 2021, growing by 30% against the previous year.

What is the average import price for polishes for coachwork in Azerbaijan?

In 2021, the average polishes for coachwork import price amounted to $2,486 per ton, picking up by 35% against the previous year.

This report provides an in-depth analysis of the polishes for coachwork market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023