Price for Waste, Parings and Scrap, of Plastics in Azerbaijan - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Azerbaijan (CIF) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in Azerbaijan (FOB) - 2022
3. Imports of Waste, Parings and Scrap, of Plastics in Azerbaijan
4. Exports of Waste, Parings and Scrap, of Plastics in Azerbaijan

Price for Waste, Parings and Scrap, of Plastics in Azerbaijan (CIF) - 2023

In November 2023, the average import price for waste, parings and scrap, of plasticses amounted to $595 per ton, with a decrease of -12.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 20% against the previous month. As a result, import price reached the peak level of $679 per ton, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Saudi Arabia ($980 per ton), while the price for Russia ($320 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Iran (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Waste, Parings and Scrap, of Plastics in Azerbaijan (FOB) - 2022

In 2022, the average export price for waste, parings and scrap, of plasticses amounted to $1,125 per ton, increasing by 16% against the previous year. In general, the export price recorded a buoyant increase. The growth pace was the most rapid in 2020 an increase of 319%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($1,287 per ton), while the average price for exports to Turkey ($841 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+23.6%).

Imports of Waste, Parings and Scrap, of Plastics in Azerbaijan

Imports of waste, parings and scrap, of plasticses into Azerbaijan soared to 12K tons in 2022, growing by 51% compared with the previous year. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of waste, parings and scrap, of plasticses surged to $6.6M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Azerbaijan in 2022:

1. Iran (11.5K tons)
2. Turkmenistan (0.2K tons)
3. Russia (0.1K tons)

Exports of Waste, Parings and Scrap, of Plastics in Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in shipments abroad of waste, parings and scrap, of plasticses, which increased by 16% to 1.8K tons in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 408%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of waste, parings and scrap, of plasticses skyrocketed to $2M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 925% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Azerbaijan in 2022:

1. Russia (954.5 tons)
2. Latvia (681.6 tons)
3. Turkey (105.6 tons)

Source: IndexBox Market Intelligence Platform