Azerbaijan: Shampoo Market 2024

Shampoo Market Size in Azerbaijan

The Azerbaijani shampoo market was estimated at $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Shampoo Production in Azerbaijan

In value terms, shampoo production declined modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Shampoo Exports

Exports from Azerbaijan

Shampoo exports from Azerbaijan fell dramatically to X tons in 2022, with a decrease of X% compared with 2021. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, shampoo exports contracted dramatically to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for shampoo exports from Azerbaijan, accounting for a X% share of total exports. Moreover, shampoo exports to the UK exceeded the volume sent to the second major destination, Russia (X tons), twofold. Belarus (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Belarus (X% per year).

In value terms, the UK ($X), Kazakhstan ($X) and Russia ($X) constituted the largest markets for shampoo exported from Azerbaijan worldwide, together accounting for X% of total exports. Belarus, Uzbekistan, Georgia and Turkey lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average shampoo export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a mild slump. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Shampoo Imports

Imports into Azerbaijan

For the fifth consecutive year, Azerbaijan recorded growth in supplies from abroad of shampoos, which increased by X% to X tons in 2022. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, shampoo imports expanded markedly to $X in 2022. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of shampoo to Azerbaijan, accounting for a X% share of total imports. Moreover, shampoo imports from Turkey exceeded the figures recorded by the second-largest supplier, Romania (X tons), fourfold. Russia (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of shampoos to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average shampoo import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shampoo import price increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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