Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan - 2024
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan (CIF) - 2024
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan (FOB) - 2022
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan
- Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan (CIF) - 2024
In April 2024, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $2.2 per square meter, with a decrease of -12.4% against the previous month. In general, the import price showed a perceptible slump. The pace of growth was the most pronounced in March 2024 an increase of 12% against the previous month. The import price peaked at $2.8 per square meter in April 2023; however, from May 2023 to April 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was China ($4.4 per square meter), while the price for Iran ($1.9 per square meter) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Georgia (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan (FOB) - 2022
In 2022, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.2 per square meter, rising by 10% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of 30%. The export price peaked at $0.3 per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($0.2 per square meter), while the average price for exports to Georgia ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+4.9%), while the prices for the other major destinations experienced a decline.
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan
In 2022, approx. 36M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were imported into Azerbaijan; picking up by 7.9% compared with 2021. Overall, imports, however, recorded a pronounced contraction. Imports peaked at 40M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses rose rapidly to $9.4M in 2022. Over the period under review, imports, however, saw a slight downturn. Imports peaked at $9.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 6.9 | 5.7 | 5.9 | 6.3 | -3.0% |
| Georgia | 0.3 | 0.8 | 1.0 | 1.3 | 63.0% |
| China | 0.5 | 0.6 | 0.8 | 1.1 | 30.1% |
| Russia | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Others | 1.4 | 0.5 | 0.3 | 0.7 | -20.6% |
| Total | 9.8 | 7.7 | 8.2 | 9.4 | -1.4% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Azerbaijan in 2022:
- Iran (26.9M square meters)
- Georgia (5.5M square meters)
- China (2.2M square meters)
Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan
In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses exported from Azerbaijan dropped significantly to 2M square meters, which is down by -61.2% compared with 2021 figures. Over the period under review, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 73%. As a result, the exports attained the peak of 5.2M square meters, and then reduced notably in the following year.
In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped dramatically to $476K in 2022. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 90% against the previous year. As a result, the exports attained the peak of $1.1M, and then plummeted in the following year.
| Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 662 | 150 | 621 | 346 | -19.4% |
| Georgia | 252 | 244 | 280 | 94.4 | -27.9% |
| Kazakhstan | 158 | 191 | 207 | 35.1 | -39.4% |
| Others | N/A | 0.2 | 4.6 | N/A | 2200.0% |
| Total | 1,072 | 585 | 1,112 | 476 | -23.7% |
Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Azerbaijan in 2022:
- Russia (1457.7K square meters)
- Georgia (415.4K square meters)
- Kazakhstan (152.3K square meters)
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