Azerbaijan: Shaving Preparations Market 2024

Shaving Preparations Market Size in Azerbaijan

The Azerbaijani shaving preparations market rose remarkably to $X in 2021, surging by 5.5% 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). Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.4% against 2012 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Shaving Preparations Exports

Exports from Azerbaijan

In 2021, shipments abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by 211% to X kg for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 2,008% against the previous year. As a result, the exports reached the peak of X kg. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, shaving preparations exports soared to $X in 2021. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,843%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for shaving preparations exports from Azerbaijan, with a 76% share of total exports. Moreover, shaving preparations exports to Georgia exceeded the volume sent to the second major destination, Russia (X kg), ninefold. The third position in this ranking was taken by Turkey (X kg), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Georgia stood at +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Turkey (-2.4% per year).

In value terms, Georgia ($X) remains the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from Azerbaijan, comprising 63% of total exports. The second position in the ranking was held by Russia ($X), with a 25% share of total exports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Georgia amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Turkey (+4.4% per year).

Export Prices by Country

The average shaving preparations export price stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shaving preparations export price increased by +48.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+9.8%).

Shaving Preparations Imports

Imports into Azerbaijan

Shaving preparations imports into Azerbaijan fell modestly to X tons in 2021, declining by -3.3% on 2020. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 22%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, shaving preparations imports totaled $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.9% against 2014 indices. The growth pace was the most rapid in 2015 with an increase of 34% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest shaving preparations supplier to Azerbaijan, with a 49% share of total imports. Moreover, shaving preparations imports from Turkey exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+37.7% per year) and Germany (+62.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to Azerbaijan, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by the UK, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+56.7% per year) and the UK (+32.1% per year).

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2021, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 an increase of 26%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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