Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan - 2023
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan (FOB) - 2022
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan (CIF) - 2022
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan (FOB) - 2022
In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,382 per ton, with an increase of 8.1% against the previous year. Over the period under review, the export price recorded a strong expansion. The growth pace was the most rapid in 2019 an increase of 76%. As a result, the export price reached the peak level of $2,111 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ukraine.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +208.9% per year.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan (CIF) - 2022
The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $1,383 per ton in 2022, surging by 28% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses increased by +64.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($3,363 per ton), while the price for China ($1,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan
In 2022, shipments abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses decreased by -6% to 841 tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 81%. As a result, the exports reached the peak of 952 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses rose to $1.2M in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 1.6% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 390 | 1,126 | 1,144 | 1,163 | 43.9% |
| Turkmenistan | 718 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,108 | 1,126 | 1,144 | 1,163 | 1.6% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Azerbaijan in 2022:
- Ukraine (841.5 tons)
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan
In 2022, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses into Azerbaijan fell sharply to 74 tons, with a decrease of -23.4% against 2021 figures. Over the period under review, imports recorded a dramatic downturn. The smallest decline of -6.3% was in 2021.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses shrank modestly to $103K in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.9 | 57.1 | 35.8 | 41.9 | -21.9% |
| Russia | 25.2 | 9.4 | 30.8 | 36.8 | 13.5% |
| Turkey | 5.9 | 3.1 | 5.2 | 9.5 | 17.2% |
| Taiwan (Chinese) | 8.2 | 3.6 | 3.9 | N/A | -31.0% |
| Brazil | 1.4 | 3.2 | 12.4 | N/A | 197.6% |
| Others | 11.7 | 12.3 | 16.5 | 14.5 | 7.4% |
| Total | 140 | 88.5 | 105 | 103 | -9.7% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Azerbaijan in 2022:
- China (40.5 tons)
- Russia (30.0 tons)
- Turkey (2.8 tons)
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