Azerbaijan: Soap Market 2024

Soap Market Size in Azerbaijan

The Azerbaijani soap market dropped to $X in 2021, with a decrease of -6.5% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +22.7% against 2017 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Soap Production in Azerbaijan

In value terms, soap production declined to $X in 2021 estimated in export price. In general, production, however, enjoyed moderate growth. The growth pace was the most rapid in 2013 when the production volume increased by 115% against the previous year. Soap production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Soap Exports

Exports from Azerbaijan

In 2021, soap exports from Azerbaijan surged to X tons, jumping by 51% compared with 2020. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 759%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, soap exports stood at $X in 2021. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 1,217% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for soap exports from Azerbaijan, with a 83% share of total exports. Moreover, soap exports to Georgia exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia amounted to +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+91.6% per year) and Russia (-8.2% per year).

In value terms, Georgia ($X) remains the key foreign market for soap exports from Azerbaijan, comprising 71% of total exports. The second position in the ranking was taken by Turkey ($X), with a 5.4% share of total exports. It was followed by Croatia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Georgia stood at +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+80.1% per year) and Croatia (+6.1% per year).

Export Prices by Country

In 2021, the average soap export price amounted to $X per ton, which is down by -31.8% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Croatia ($X per ton), while the average price for exports to Turkey ($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 Croatia (+28.0%), while the prices for the other major destinations experienced a decline.

Soap Imports

Imports into Azerbaijan

In 2021, after three years of growth, there was decline in supplies from abroad of soap, when their volume decreased by -2.1% to X tons. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 60%. Imports peaked at X tons in 2020, and then fell modestly in the following year.

In value terms, soap imports stood at $X in 2021. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2016 when imports increased by 113%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of soap to Azerbaijan, accounting for a 50% share of total imports. Moreover, soap imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was taken by Indonesia (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-1.3% per year) and Indonesia (+43.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of soap to Azerbaijan, comprising 40% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports. It was followed by Indonesia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+17.1% per year) and Indonesia (+70.8% per year).

Import Prices by Country

In 2021, the average soap import price amounted to $X per ton, picking up by 2.5% against the previous year. Over the period under review, the import price showed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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