Report Update Nov 1, 2024

Azerbaijan - Vulcanised Rubber Thread and Cord - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Azerbaijan

For the third year in a row, the Azerbaijani vulcanised rubber thread market recorded decline in sales value, which decreased by -8.9% to $X in 2021. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Thread Production in Azerbaijan

In value terms, vulcanised rubber thread production rose significantly to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Vulcanised Rubber Thread Exports

Exports from Azerbaijan

In 2020, the amount of vulcanised rubber thread and cord exported from Azerbaijan surged to X kg, increasing by 26% on the year before. Overall, exports, however, saw a precipitous decline. The most prominent rate of growth was recorded in 2014 when exports increased by 266%. As a result, the exports attained the peak of X kg. From 2015 to 2020, the growth of the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports fell rapidly to $X in 2020. In general, exports, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2014 with an increase of 209%. As a result, the exports reached the peak of $X. From 2015 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X kg) was the main destination for vulcanised rubber thread exports from Azerbaijan, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Georgia totaled -17.7%.

In value terms, Georgia ($X) emerged as the key foreign market for vulcanised rubber thread and cord exports from Azerbaijan.

From 2013 to 2020, the average annual rate of growth in terms of value to Georgia totaled -40.8%.

Export Prices by Country

In 2020, the average vulcanised rubber thread export price amounted to $X per ton, falling by -36.3% against the previous year. Over the period under review, the export price recorded a sharp descent. The growth pace was the most rapid in 2014 a decrease of -15.5% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

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

From 2013 to 2020, the rate of growth in terms of prices for the UK amounted to -23.1% per year.

Vulcanised Rubber Thread Imports

Imports into Azerbaijan

After two years of growth, purchases abroad of vulcanised rubber thread and cord decreased by -99.5% to X kg in 2021. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 817% against the previous year. Imports peaked at X tons in 2020, and then dropped remarkably in the following year.

In value terms, vulcanised rubber thread imports contracted notably to $X in 2021. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 2,253% against the previous year. Imports peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

In 2021, the United Arab Emirates (X kg) was the main vulcanised rubber thread supplier to Azerbaijan, with a 93% share of total imports. Moreover, vulcanised rubber thread imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold. The UK (X kg) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-31.7% per year) and the UK (-25.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of vulcanised rubber thread and cord to Azerbaijan, comprising 96% of total imports. The second position in the ranking was held by Turkey ($X), with a 1.7% share of total imports. It was followed by the UK, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +73.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.0% per year) and the UK (-26.6% per year).

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, with an increase of 89% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 157%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+27.4%), 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 vulcanised rubber thread and cord in the world?

The country with the largest volume of vulcanised rubber thread consumption was China, comprising approx. 32% of total volume. Moreover, vulcanised rubber thread consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by the U.S., with a 7.4% share.

What are the largest producers of vulcanised rubber thread and cord in the world?

Thailand remains the largest vulcanised rubber thread producing country worldwide, comprising approx. 49% of total volume. Moreover, vulcanised rubber thread production in Thailand exceeded the figures recorded by the second-largest producer, Malaysia, twofold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of vulcanised rubber thread and cord to Azerbaijan?

In value terms, the UK constituted the largest supplier of vulcanised rubber thread to Azerbaijan, comprising 100% of total imports. The second position in the ranking was occupied by China, with a 0.2% share of total imports.

What is the average export price for vulcanised rubber thread and cord in Azerbaijan?

In 2020, the average vulcanised rubber thread export price amounted to $3,226 per ton, with an increase of 26% against the previous year.

What is the average import price for vulcanised rubber thread and cord in Azerbaijan?

In 2020, the average vulcanised rubber thread import price amounted to $8,054 per ton, rising by 4.7% against the previous year.

This report provides an in-depth analysis of the vulcanised rubber thread 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 22192050 - Vulcanised rubber thread and cord

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:

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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:

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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