Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan - 2024

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan (CIF) - 2024
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan (CIF) - 2024

In December 2023, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $2,184 per ton, dropping by -10.7% against the previous month. Over the period under review, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in July 2023 an increase of 64% month-to-month. The import price peaked at $3,625 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2,983 per ton), while the price for Iran ($1,442 per ton) was amongst the lowest.

From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan (FOB) - 2022

In 2022, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $1,683 per ton, shrinking by -6.9% against the previous year. Over the last five-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 38%. As a result, the export price reached the peak level of $2,136 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($2,150 per ton), while the average price for exports to Uzbekistan totaled $1,683 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into Azerbaijan skyrocketed to 291 tons, growing by 21% compared with 2021. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses amounted to $823K in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Azerbaijan in 2022:

1. Turkey (184.8 tons)
2. Iran (81.2 tons)
3. China (25.4 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Azerbaijan

Exports of footwear; parts, outer soles and heels, of rubber or plasticses from Azerbaijan expanded rapidly to 66 tons in 2022, growing by 15% against 2021. The total export volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses totaled $111K in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 38%. As a result, the exports reached the peak of $119K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Azerbaijan in 2022:

1. Uzbekistan (65.7 tons)

Source: IndexBox Market Intelligence Platform