Report Update May 1, 2025

Azerbaijan - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Synthetic Rubber Market 2025

Synthetic Rubber Market Size in Azerbaijan

In 2021, the Azerbaijani synthetic rubber market increased by 16% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a prominent increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Synthetic Rubber Exports

Exports from Azerbaijan

Synthetic rubber exports from Azerbaijan soared to X tons in 2020, growing by 888% compared with the previous year's figure. In general, exports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2018 when exports increased by 801,980% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic rubber exports skyrocketed to $X in 2020. Overall, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 198,667% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkmenistan (X tons), Turkey (X tons) and Russia (X kg) were the main destinations of synthetic rubber exports from Azerbaijan, with a combined 97% share of total exports.

From 2015 to 2020, the biggest increases were recorded for Turkmenistan (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Turkmenistan ($X), Turkey ($X) and Russia ($X) appeared to be the largest markets for synthetic rubber exported from Azerbaijan worldwide, with a combined 92% share of total exports.

Among the main countries of destination, Turkmenistan, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average synthetic rubber export price stood at $X per ton in 2020, approximately reflecting the previous year. Overall, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 766%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2020, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2015 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+1.1%), while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports

Imports into Azerbaijan

In 2021, overseas purchases of synthetic rubber increased by 1.2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 134%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, synthetic rubber imports skyrocketed to $X in 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 118% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main suppliers of synthetic rubber imports to Azerbaijan, together comprising 40% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United Arab Emirates ($X) and Germany ($X) appeared to be the largest synthetic rubber suppliers to Azerbaijan, together comprising 41% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +33.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average synthetic rubber import price amounted to $X per ton, increasing by 40% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The pace of growth was the most pronounced in 2016 an increase of 99% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?

The country with the largest volume of synthetic rubber consumption was China, comprising approx. 31% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. The third position in this ranking was occupied by Japan, with a 5.3% share.

What are the largest producers of synthetic rubber in the world?

The countries with the highest volumes of synthetic rubber production in 2020 were the U.S., China and South Korea, with a combined 35% share of global production. Japan, Russia, Thailand, Vietnam, Germany, Indonesia, Taiwan Chinese), Mexico, France and Italy lagged somewhat behind, together accounting for a further 43%.

What are the leading suppliers of synthetic rubber to Azerbaijan?

In value terms, the largest synthetic rubber suppliers to Azerbaijan were South Korea, Italy and Spain, with a combined 46% share of total imports. These countries were followed by Turkey, Germany, Taiwan Chinese), Russia, Malaysia, France, the Netherlands and Saudi Arabia, which together accounted for a further 40%.

What is the average export price for synthetic rubber in Azerbaijan?

The average synthetic rubber export price stood at $2,886 per ton in 2020, falling by -13% against the previous year.

What is the average import price for synthetic rubber in Azerbaijan?

In 2020, the average synthetic rubber import price amounted to $2,279 per ton, falling by -14.2% against the previous year.

This report provides an in-depth analysis of the synthetic rubber 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 20171050 - Synthetic latex rubber
Prodcom 20171090 - Synthetic rubber (excluding latex)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024