Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan - 2024

Contents:

1. Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan (FOB) - 2022
2. Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan (CIF) - 2022
3. Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan
4. Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan

Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan (FOB) - 2022

In 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $783 per ton, increasing by 5.6% against the previous year. In general, the export price saw temperate growth. The growth pace was the most rapid in 2017 an increase of 63%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +10.9% per year.

Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan (CIF) - 2022

In 2022, the average import price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $8,949 per ton, jumping by 82% against the previous year. In general, the import price saw significant growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 138%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($10,333 per ton), while the price for Turkey stood at $8,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.2%).

Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan

Exports of cotton; waste other than garnetted stock and yarn (including thread) waste from Azerbaijan dropped dramatically to 2.5K tons in 2022, reducing by -35.3% against the year before. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of 3.8K tons, and then reduced markedly in the following year.

In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste dropped significantly to $1.9M in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 124% against the previous year. As a result, the exports attained the peak of $2.8M, and then declined markedly in the following year.

Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Azerbaijan in 2022:

1. Turkey (2.5K tons)

Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Azerbaijan

In 2022, overseas purchases of cotton; waste other than garnetted stock and yarn (including thread) waste decreased by -50.4% to 59 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted slight growth. The pace of growth appeared the most rapid in 2020 when imports increased by 104%.

In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste dropped to $528 in 2022. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 157%.

Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Azerbaijan in 2022:

1. Turkey (35.0 kg)
2. China (24.0 kg)

Source: IndexBox Market Intelligence Platform