Azerbaijan: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Azerbaijan

In 2022, the Azerbaijani wood-based panels market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Wood-Based Panels Production in Azerbaijan

In value terms, wood-based panels production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Wood-based panels production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Azerbaijan

In 2022, the amount of wood-based panels exported from Azerbaijan skyrocketed to X cubic meters, rising by X% on 2021. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wood-based panels exports soared to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X cubic meters), Iran (X cubic meters) and Georgia (X cubic meters) were the main destinations of wood-based panels exports from Azerbaijan, together accounting for X% of total exports.

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

In value terms, the largest markets for wood-based panels exported from Azerbaijan were Iran ($X), Georgia ($X) and Turkey ($X), with a combined X% share of total exports.

Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per cubic meter), while the average price for exports to the United Arab Emirates ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wood-Based Panels Imports

Imports into Azerbaijan

In 2022, overseas purchases of wood-based panels increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wood-based panels imports expanded modestly to $X in 2022. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X cubic meters) constituted the largest wood-based panels supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, wood-based panels imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X cubic meters), fourfold. Turkey (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Turkey (X% per year).

In value terms, Russia ($X) constituted the largest supplier of wood-based panels to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Turkey (X% per year).

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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