Azerbaijan: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Azerbaijan

In 2022, the Azerbaijani market for shampoos, hair lacquers and other preparations increased by 0.9% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption recorded resilient growth. Consumption of peaked in 2022 and is likely to see gradual growth in years to come.

Production of Shampoos, Hair Lacquers And Other Preparations in Azerbaijan

In value terms, production of shampoos, hair lacquers and other preparations rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 10% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Azerbaijan

In 2022, after two years of growth, there was significant decline in overseas shipments of shampoos, hair lacquers and other preparations, when their volume decreased by -73.7% to X tons. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 960% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, exports of shampoos, hair lacquers and other preparations fell markedly to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,329% against the previous year. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Turkey (X tons), Russia (X tons) and the UK (X tons) were the main destinations of exports of shampoos, hair lacquers and other preparations from Azerbaijan, together accounting for 77% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +110.7%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from Azerbaijan, comprising 65% of total exports. The second position in the ranking was held by Russia ($X), with a 13% share of total exports. It was followed by the UK, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+4.5% per year) and the UK (+127.8% per year).

Export Prices by Country

In 2022, the average export price for shampoos, hair lacquers and other preparations amounted to $X per ton, dropping by -17.4% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2015 an increase of 369% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the UK ($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 Kazakhstan (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Azerbaijan

In 2022, after four years of growth, there was decline in supplies from abroad of shampoos, hair lacquers and other preparations, when their volume decreased by -0.5% to X tons. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 96% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then dropped slightly in the following year.

In value terms, imports of shampoos, hair lacquers and other preparations stood at $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 111% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X tons) constituted the largest shampoo, hair lacquer and other preparations supplier to Azerbaijan, with a 54% share of total imports. Moreover, imports of shampoos, hair lacquers and other preparations from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+0.2% per year) and Romania (+16.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of shampoos, hair lacquers and other preparations to Azerbaijan, comprising 41% of total imports. The second position in the ranking was held by Russia ($X), with a 17% share of total imports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+16.6% per year) and Romania (+14.9% per year).

Import Prices by Country

The average import price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, approximately mirroring the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 shampoos, hair lacquers and other preparations decreased by -3.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 Switzerland ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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