Report Update Nov 1, 2024

Azerbaijan - Polyurethanes in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Polyurethanes Market 2024

Polyurethanes Market Size in Azerbaijan

In 2021, the Azerbaijani polyurethanes market decreased by -7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Polyurethanes Exports

Exports from Azerbaijan

In 2020, shipments abroad of polyurethanes in primary forms decreased by 0% to X tons, falling for the second year in a row after two years of growth. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. Over the period under review, the exports hit record highs in 2020 and are likely to continue growth in years to come.

In value terms, polyurethanes exports stood at $X in 2020. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,242%. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for polyurethanes exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Romania was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Romania was relatively modest.

Export Prices by Country

The average polyurethanes export price stood at $X per ton in 2020, leveling off at the previous year. In general, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 an increase of 913% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Polyurethanes Imports

Imports into Azerbaijan

In 2021, after two years of growth, there was significant decline in supplies from abroad of polyurethanes in primary forms, when their volume decreased by -20.4% to X tons. Overall, imports, however, recorded pronounced growth. The growth pace was the most rapid in 2016 when imports increased by 117%. Over the period under review, imports reached the peak figure at X tons in 2020, and then contracted markedly in the following year.

In value terms, polyurethanes imports reduced modestly to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 201% against the previous year. Imports peaked at $X in 2020, and then dropped slightly in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of polyurethanes to Azerbaijan, with a 42% share of total imports. Moreover, polyurethanes imports from Turkey exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+14.7% per year) and Germany (+14.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of polyurethanes in primary forms to Azerbaijan, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.4% per year) and Saudi Arabia (+39.4% per year).

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, increasing by 25% against the previous year. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+31.9%), 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 polyurethanes in primary forms in the world?

China constituted the country with the largest volume of polyurethanes consumption, comprising approx. 22% of total volume. Moreover, polyurethanes consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of polyurethanes in primary forms in the world?

China constituted the country with the largest volume of polyurethanes production, comprising approx. 23% of total volume. Moreover, polyurethanes 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 Belgium, with an 8.4% share.

What are the leading suppliers of polyurethanes in primary forms to Azerbaijan?

In value terms, the largest polyurethanes suppliers to Azerbaijan were Turkey, Germany and Saudi Arabia, together accounting for 78% of total imports. Italy, France, the Netherlands and South Korea lagged somewhat behind, together comprising a further 11%.

What is the average export price for polyurethanes in primary forms in Azerbaijan?

In 2021, the average polyurethanes export price amounted to $4,813 per ton, dropping by -14.9% against the previous year.

What is the average import price for polyurethanes in primary forms in Azerbaijan?

In 2021, the average polyurethanes import price amounted to $3,762 per ton, growing by 34% against the previous year.

This report provides an in-depth analysis of the polyurethanes 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 20165670 - Polyurethanes, in primary forms

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