Report Update Nov 1, 2024

Azerbaijan - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Azerbaijan

The Azerbaijani sulphuric acid market fell slightly to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Sulphuric Acid Production in Azerbaijan

In value terms, sulphuric acid production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Sulphuric Acid Exports

Exports from Azerbaijan

In 2013, approx. X tons of sulphuric acid and oleum were exported from Azerbaijan; jumping by 46% compared with 2012. Overall, total exports indicated a significant expansion from 2012 to 2013: its volume increased at an average annual rate of +45.8% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphuric acid exports dropped slightly to $X in 2013. In general, exports, however, showed a perceptible reduction. The exports peaked at $X in 2012, and then dropped slightly in the following year.

Exports by Country

Georgia (X tons) was the main destination for sulphuric acid exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to Georgia totaled +45.8%.

In value terms, Georgia ($X) also remains the key foreign market for sulphuric acid and oleum exports from Azerbaijan.

From 2012 to 2013, the average annual growth rate of value to Georgia totaled -3.6%.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2013, which is down by -33.9% against the previous year. Overall, the export price showed a dramatic curtailment. The export price peaked at $X per ton in 2012, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2013, the rate of growth in terms of prices for Georgia amounted to -34.0% per year.

Sulphuric Acid Imports

Imports into Azerbaijan

In 2022, purchases abroad of sulphuric acid and oleum decreased by -0.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 1,605%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sulphuric acid imports expanded sharply to $X in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 431%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Iran (X tons) and Russia (X tons) were the main suppliers of sulphuric acid imports to Azerbaijan.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +90.0%).

In value terms, the largest sulphuric acid suppliers to Azerbaijan were Iran ($X) and Russia ($X).

In terms of the main suppliers, Iran, with a CAGR of +74.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, growing by 7.1% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.3%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-8.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphuric acid and oleum in the world?

China remains the largest sulphuric acid consuming country worldwide, comprising approx. 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, with a 9.3% share.

What are the largest producers of sulphuric acid and oleum in the world?

China constituted the country with the largest volume of sulphuric acid production, accounting for 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 9.9% share.

What are the leading suppliers of sulphuric acid and oleum to Azerbaijan?

In value terms, the largest sulphuric acid suppliers to Azerbaijan were Iran and Russia.

What are the leading importers of sulphuric acid and oleum from Azerbaijan?

In value terms, Georgia remains the key foreign market for sulphuric acid exports from Azerbaijan.

What is the average export price for sulphuric acid and oleum in Azerbaijan?

In 2021, the average sulphuric acid export price amounted to $765 per ton, with a decrease of -7.6% against the previous year.

What is the average import price for sulphuric acid and oleum in Azerbaijan?

In 2021, the average sulphuric acid import price amounted to $123 per ton, waning by -14.4% against the previous year.

This report provides an in-depth analysis of the sulphuric acid market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132434 - Sulphuric acid, oleum

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023