Carbonates; Potassium Carbonate Price in Azerbaijan - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Azerbaijan (CIF) - 2022
- Carbonates; Potassium Carbonate Imports in Azerbaijan
Carbonates; Potassium Carbonate Price in Azerbaijan (CIF) - 2022
In 2022, the average carbonates; potassium carbonate import price amounted to $1,898 per ton, growing by 41% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +74.4% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($2,133 per ton) and Russia ($2,089 per ton), while the price for South Korea ($1,693 per ton) and Germany ($1,928 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Imports in Azerbaijan
Carbonates; potassium carbonate imports into Azerbaijan surged to 24 tons in 2022, growing by 25% on 2021. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, carbonates; potassium carbonate imports surged to $46K in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 0.5 | 2.4 | 17.4 | 458.3% |
| South Korea | 1.1 | 3.0 | 11.6 | 14.7 | 137.3% |
| China | 0.4 | 1.3 | 5.2 | 11.5 | 206.3% |
| Russia | N/A | N/A | N/A | 2.7 | 0% |
| Spain | 1.1 | 2.6 | 4.5 | N/A | 102.3% |
| Ireland | 1.4 | 0.9 | 1.2 | N/A | -7.4% |
| United Arab Emirates | 6.7 | 9.7 | N/A | N/A | 44.8% |
| Turkey | 1.3 | 1.6 | 1.2 | N/A | -3.9% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 12.2 | 19.7 | 26.2 | 46.3 | 56.0% |
Top Suppliers of Carbonates; Potassium Carbonate to Azerbaijan in 2022:
- Germany (9.0 tons)
- South Korea (8.7 tons)
- China (5.4 tons)
- Russia (1.3 tons)
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