Azerbaijan: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Azerbaijan

The Azerbaijani polyvinyl chloride market stood at $X in 2022, with an increase of 13% 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). In general, consumption recorded a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Polyvinyl Chloride Exports

Exports from Azerbaijan

In 2022, exports of polyvinyl chloride from Azerbaijan reduced markedly to X tons, waning by -60.5% on 2021 figures. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 904% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports dropped significantly to $X in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2017 when exports increased by 1,459% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for polyvinyl chloride exports from Azerbaijan, with a 88% share of total exports. Moreover, polyvinyl chloride exports to Turkey exceeded the volume sent to the second major destination, Georgia (X kg), sevenfold.

From 2016 to 2022, the average annual growth rate of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for polyvinyl chloride exports from Azerbaijan, comprising 90% of total exports. The second position in the ranking was held by Georgia ($X), with a 10% share of total exports.

From 2016 to 2022, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2022, the average polyvinyl chloride export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 55% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Georgia totaled $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+10.1%).

Polyvinyl Chloride Imports

Imports into Azerbaijan

In 2022, after two years of decline, there was growth in supplies from abroad of polyvinyl chloride, when their volume increased by 4.5% to X tons. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polyvinyl chloride imports expanded significantly to $X in 2022. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 45%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Russia (X tons), Iran (X tons) and the United States (X tons) were the main suppliers of polyvinyl chloride imports to Azerbaijan, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +75.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of polyvinyl chloride to Azerbaijan, comprising 56% of total imports. The second position in the ranking was taken by Iran ($X), with a 23% share of total imports. It was followed by the United States, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at +73.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (-0.0% per year) and the United States (+39.6% per year).

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, increasing by 8.3% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +48.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 37%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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