Azerbaijan: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Azerbaijan

The Azerbaijani rubber tube and pipe market rose markedly to $X in 2021, surging by 12% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Tubes, Pipes And Hoses Of Vulcanized Rubber in Azerbaijan

In value terms, rubber tube and pipe production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 2.3%. Over the period under review, production hit record highs at $X in 2020, and then fell modestly in the following year.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Azerbaijan

In 2021, after four years of growth, there was significant decline in overseas shipments of tubes, pipes and hoses of vulcanized rubber, when their volume decreased by -88.7% to X tons. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 271% against the previous year. The exports peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, rubber tube and pipe exports contracted sharply to $X in 2021. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 319% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for rubber tube and pipe exports from Azerbaijan, with a 80% share of total exports. Moreover, rubber tube and pipe exports to the Netherlands exceeded the volume sent to the second major destination, Georgia (X kg), more than tenfold. The third position in this ranking was held by Kazakhstan (X kg), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+15.8% per year) and Kazakhstan (-26.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Azerbaijan, comprising 80% of total exports. The second position in the ranking was held by Georgia ($X), with a 7.2% share of total exports. It was followed by Kazakhstan, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+21.8% per year) and Kazakhstan (-26.0% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, falling by -21.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ukraine ($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 Ukraine (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Azerbaijan

In 2021, purchases abroad of tubes, pipes and hoses of vulcanized rubber increased by 8.8% to X tons, rising for the third year in a row after three years of decline. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 17%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, rubber tube and pipe imports rose significantly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest rubber tube and pipe supplier to Azerbaijan, accounting for a 59% share of total imports. Moreover, rubber tube and pipe imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.6% per year) and Turkey (-27.1% per year).

In value terms, the largest rubber tube and pipe suppliers to Azerbaijan were Russia ($X), China ($X) and the United Arab Emirates ($X), with a combined 48% share of total imports.

Russia, with a CAGR of +21.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, increasing by 4.1% against the previous year. In general, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 159%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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