Azerbaijan: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Azerbaijan

In 2021, the Azerbaijani ethylene polymer rigid pipes market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Azerbaijan

In value terms, ethylene polymer rigid pipes production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Azerbaijan

Ethylene polymer rigid pipes exports from Azerbaijan soared to X tons in 2021, jumping by 53% against the previous year's figure. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,083%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, ethylene polymer rigid pipes exports skyrocketed to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 1,129%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for ethylene polymer rigid pipes exports from Azerbaijan, with a 81% share of total exports. Moreover, ethylene polymer rigid pipes exports to Georgia exceeded the volume sent to the second major destination, Uzbekistan (X tons), ninefold. Italy (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Georgia stood at +68.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+46.2% per year) and Italy (0.0% per year).

In value terms, Georgia ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Azerbaijan, comprising 76% of total exports. The second position in the ranking was held by Uzbekistan ($X), with an 11% share of total exports. It was followed by Italy, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia totaled +62.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+62.3% per year) and Italy (0.0% per year).

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The growth pace was the most rapid in 2014 when the average export price increased by 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Russia ($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 Uzbekistan (+11.0%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Azerbaijan

In 2021, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 83% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 149% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ethylene polymer rigid pipes imports surged to $X in 2021. Over the period under review, imports, however, faced a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and Iran (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Azerbaijan, together comprising 72% of total imports. These countries were followed by China, Ukraine, Georgia and Russia, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +80.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes suppliers to Azerbaijan were Italy ($X), Turkey ($X) and China ($X), with a combined 74% share of total imports.

Italy, with a CAGR of +384.8%, saw the highest growth rate of 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 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, surging by 4.3% against the previous year. Over the period under review, the import price posted measured growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 79%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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