Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Azerbaijan - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Azerbaijan (CIF) - 2022
2. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Azerbaijan

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Azerbaijan (CIF) - 2022

The average import price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $6,920 per ton in 2022, growing by 17% against the previous year. Overall, the import price enjoyed strong growth. The growth pace was the most rapid in 2015 an increase of 168%. Over the period under review, average import prices reached the maximum 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 ($18,720 per ton), while the price for China ($5,811 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+92.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in Azerbaijan

In 2022, purchases abroad of polymers, natural; alginic acid, its salts and esters, in primary formses decreased by -25.3% to 11 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2020 when imports increased by 43%. As a result, imports attained the peak of 18 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses reduced to $76K in 2022. Overall, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, imports attained the peak of $110K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to Azerbaijan in 2022:

1. Germany (7.5 tons)
2. China (3.4 tons)

Source: IndexBox Market Intelligence Platform