Azerbaijan: Plastic Support Market 2024

Plastic Support Market Size in Azerbaijan

The Azerbaijani plastic support market rose significantly to $X in 2022, increasing by 11% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +22.6% against 2014 indices. Plastic support consumption peaked in 2022 and is likely to see gradual growth in the near future.

Plastic Support Production in Azerbaijan

In value terms, plastic support production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by 8.9%. Plastic support production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Support Exports

Exports from Azerbaijan

Plastic support exports from Azerbaijan surged to X tons in 2022, jumping by 102% compared with the previous year's figure. In general, exports, however, saw a precipitous contraction. The pace of growth was the most pronounced in 2017 with an increase of 16,713%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic support exports soared to $X in 2022. Overall, exports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 7,994%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Russia (X tons) and Georgia (X tons) were the main destinations of plastic support exports from Azerbaijan, with a combined 99% share 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 Germany (with a CAGR of +89.4%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for spools, cops and similar supports of plastics exports from Azerbaijan, comprising 65% of total exports. The second position in the ranking was taken by Russia ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-40.6% per year) and Georgia (+25.2% per year).

Export Prices by Country

The average plastic support export price stood at $X per ton in 2022, reducing by -25% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 150%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined dramatically in the following year.

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 Germany ($X per ton), while the average price for exports to Russia ($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 Russia (-2.6%), while the prices for the other major destinations experienced a decline.

Plastic Support Imports

Imports into Azerbaijan

In 2022, the amount of spools, cops and similar supports of plastics imported into Azerbaijan was estimated at X tons, with an increase of 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic support imports reached $X in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 22%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey (X tons), Georgia (X tons) and Iran (X tons) were the main suppliers of plastic support imports to Azerbaijan, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +92.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of spools, cops and similar supports of plastics to Azerbaijan, comprising 36% of total imports. The second position in the ranking was held by Georgia ($X), with a 15% share of total imports. It was followed by Russia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+88.5% per year) and Russia (+9.7% per year).

Import Prices by Country

In 2022, the average plastic support import price amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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