Price for Knitted or Crocheted Pile Fabrics in Azerbaijan - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Azerbaijan (CIF) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Azerbaijan
Price for Knitted or Crocheted Pile Fabrics in Azerbaijan (CIF) - 2022
In 2022, the average import price for knitted or crocheted pile fabricses amounted to $4,248 per ton, rising by 4.7% against the previous year. Overall, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 161% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($4,729 per ton), while the price for Turkey ($4,230 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in overseas purchases of knitted or crocheted pile fabricses, which increased by 15% to 4.5K tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, knitted or crocheted pile fabrics imports surged to $19M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Knitted or Crocheted Pile Fabrics in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 8.5 | 13.7 | 17.5 | 27.7% |
| Turkey | 0.6 | 1.6 | 1.7 | 1.1 | 22.4% |
| Uzbekistan | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Others | 0.5 | 0.3 | 0.2 | 0.3 | -15.7% |
| Total | 9.9 | 10.7 | 15.9 | 19.2 | 24.7% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Azerbaijan in 2022:
- China (4.1K tons)
- Turkey (0.3K tons)
- Uzbekistan (0.1K tons)
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