Azerbaijan: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Azerbaijan

In 2022, after three years of decline, there was significant growth in the Azerbaijani market for self-adhesive plastic tape in rolls of a width under 20cm, when its value increased by 5.9% to $X. Over the period under review, consumption saw a strong expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Azerbaijan

In 2022, overseas shipments of self-adhesive plastic tape in rolls of a width under 20cm increased by 416% to X tons, rising for the third consecutive year after two years of decline. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,872%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm surged to $X in 2022. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 773% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X tons) was the main destination for exports of self-adhesive plastic tape in rolls of a width under 20cm from Azerbaijan, accounting for a 97% share of total exports. It was followed by Norway (X kg), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+166.8% per year) and Turkey (-51.5% per year).

In value terms, Georgia ($X) emerged as the key foreign market for self-adhesive plastic tape in rolls of a width under 20cm exports from Azerbaijan, comprising 93% of total exports. The second position in the ranking was taken by Norway ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Georgia stood at +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+128.8% per year) and Turkey (-47.7% per year).

Export Prices by Country

The average export price for self-adhesive plastic tape in rolls of a width under 20cm stood at $X per ton in 2022, declining by -59.4% against the previous year. Overall, the export price faced a significant contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 132%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+7.9%), while the prices for the other major destinations experienced a decline.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Azerbaijan

In 2022, purchases abroad of self-adhesive plastic tape in rolls of a width under 20cm was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 95% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm expanded rapidly to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 56%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Azerbaijan, with a 78% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +34.7%.

In value terms, China ($X) constituted the largest supplier of self-adhesive plastic tape in rolls of a width under 20cm to Azerbaijan, comprising 48% of total imports. The second position in the ranking was held by Turkey ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +45.6%.

Import Prices by Country

In 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, increasing by 2.8% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for self-adhesive plastic tape in rolls of a width under 20cm increased by +90.4% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Turkey ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.4%).

Source: IndexBox Platform

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