Azerbaijan: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Azerbaijan

In 2021, after two years of decline, there was decline in the Azerbaijani cement prefabricated structural components market, when its value decreased by 0% to $X. Overall, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Azerbaijan

In value terms, cement prefabricated structural components production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 21%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Azerbaijan

In 2021, after two years of decline, there was decline in overseas shipments of prefabricated structural components of cement, concrete or artificial stone, when their volume decreased by 0% to X tons. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 144%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components exports stood at $X in 2021. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 265%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for cement prefabricated structural components exports from Azerbaijan, with a approx. 100% share of total exports.

From 2017 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to -8.6%.

From 2017 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at -2.5%.

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

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

From 2017 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +6.8% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Azerbaijan

Cement prefabricated structural components imports into Azerbaijan totaled X tons in 2021, remaining relatively unchanged against 2020 figures. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 393% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cement prefabricated structural components imports amounted to $X in 2021. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 118%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest cement prefabricated structural components supplier to Azerbaijan, accounting for a 58% share of total imports. Moreover, cement prefabricated structural components imports from Russia exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold. Iran (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-14.7% per year) and Iran (+16.6% per year).

In value terms, Russia ($X), Greece ($X) and Italy ($X) constituted the largest cement prefabricated structural components suppliers to Azerbaijan, with a combined 65% share of total imports. These countries were followed by the Netherlands, Austria, the United Arab Emirates, France, Iran and Turkey, which together accounted for a further 32%.

Among the main suppliers, Austria, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 75%. As a result, import price attained the peak level of $X per ton. From 2014 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 Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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