Price for Cotton; Garnetted Stock Waste in Azerbaijan - 2023

Price for Cotton; Garnetted Stock Waste in Azerbaijan (FOB) - 2022

In 2022, the average cotton; garnetted stock waste export price amounted to $464 per ton, with a decrease of -9.9% against the previous year. Over the period under review, the export price recorded a slight downturn. The growth pace was the most rapid in 2021 when the average export price increased by 42% against the previous year. The export price peaked at $520 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2013 to 2022, the rate of growth in terms of prices for Turkey amounted to -3.3% per year.

Price for Cotton; Garnetted Stock Waste in Azerbaijan (CIF) - 2022

The average cotton; garnetted stock waste import price stood at $631 per ton in 2022, stabilizing at the previous year. Overall, the import price faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price decreased by -72.8% against the previous year. The import price peaked at $2,826 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2017 to 2022, the rate of growth in terms of prices for Turkey amounted to -15.8% per year.

Exports of Cotton; Garnetted Stock Waste in Azerbaijan

In 2022, approx. 85 tons of cotton; garnetted stock waste were exported from Azerbaijan; jumping by 55% on the year before. Over the period under review, exports, however, continue to indicate a dramatic contraction.

In value terms, cotton; garnetted stock waste exports surged to $39K in 2022. Overall, exports, however, continue to indicate a abrupt slump.

Export of Cotton; Garnetted Stock Waste in Azerbaijan (Thousand USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Turkey	43.5	21.5	33.2	-12.6%
Others	6.9	6.7	6.2	-5.2%
Total	50.4	28.2	39.3	-11.7%

Top Export Markets for Cotton; Garnetted Stock Waste from Azerbaijan in 2022:

Turkey (83.8 tons)

Imports of Cotton; Garnetted Stock Waste in Azerbaijan

In 2022, purchases abroad of cotton; garnetted stock waste decreased by 0% to 15 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 6,710% against the previous year. As a result, imports attained the peak of 25 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cotton; garnetted stock waste imports amounted to $9.4K in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,751% against the previous year. As a result, imports attained the peak of $19K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.