Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Azerbaijan - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Azerbaijan (CIF) - 2023
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Azerbaijan
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Azerbaijan (CIF) - 2023
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $2,407 per ton in December 2023, shrinking by -43.7% against the previous month. Overall, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 187% against the previous month. As a result, import price reached the peak level of $7,192 per ton. From October 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Turkey ($2,286 per ton), while the price for Iran totaled $2,000 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Iran (-0.4%).
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses, which increased by 29% to 369 tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses soared to $1.2M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 365 | 234 | 412 | 870 | 33.6% |
| Russia | 30.4 | 70.8 | 127 | 147 | 69.1% |
| China | 19.2 | 20.1 | 6.3 | 70.0 | 53.9% |
| Hungary | 31.2 | 18.0 | 18.3 | 45.0 | 13.0% |
| Others | 165 | 324 | 255 | 95.8 | -16.6% |
| Total | 611 | 666 | 819 | 1,228 | 26.2% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Azerbaijan in 2022:
- Turkey (297.9 tons)
- Russia (32.2 tons)
- China (31.3 tons)
- Hungary (2.1 tons)
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