Azerbaijan: Soap And Detergent Market 2024

Soap And Detergent Market Size in Azerbaijan

The Azerbaijani soap and detergent market fell sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. Soap and detergent consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Soap And Detergent Production in Azerbaijan

In value terms, soap and detergent production dropped to $X in 2022 estimated in export price. Overall, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Soap and detergent production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Soap And Detergent Exports

Exports from Azerbaijan

In 2022, soap and detergent exports from Azerbaijan soared to X tons, rising by X% on the previous year's figure. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, soap and detergent exports soared to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Georgia (X tons) and Uzbekistan (X tons) were the main destinations of soap and detergent exports from Azerbaijan, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap and detergent exported from Azerbaijan were Turkey ($X), Georgia ($X) and Uzbekistan ($X), together accounting for X% of total exports.

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

Export Prices by Country

The average soap and detergent export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the 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 Uzbekistan ($X per ton), while the average price for exports to Turkey ($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 Uzbekistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Soap And Detergent Imports

Imports into Azerbaijan

In 2022, overseas purchases of soap and detergents decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, soap and detergent imports shrank remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of soap and detergent to Azerbaijan, with a X% share of total imports. Moreover, soap and detergent imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average soap and detergent import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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