Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Azerbaijan - 2023
Contents:
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Azerbaijan (FOB) - 2023
- Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Azerbaijan
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Azerbaijan (FOB) - 2023
The average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s stood at $14,367 per ton in October 2023, therefore, remained relatively stable against the previous month. Overall, the export price continues to indicate moderate growth. The most prominent rate of growth was recorded in May 2023 an increase of 260% against the previous month. The export price peaked at $32,000 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From October 2022 to October 2023, the rate of growth in terms of prices for Turkey amounted to +4.6% per month.
Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Azerbaijan
In 2022, overseas shipments of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s decreased by -71.4% to 19 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 180% against the previous year.
In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s dropped rapidly to $150K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 404% against the previous year. As a result, the exports attained the peak of $1.1M, and then declined sharply in the following year.
| Export of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 26.4 | 154 | 117 | 74.4 | 41.3% |
| China | 38.4 | 62.4 | 76.0 | 54.7 | 12.5% |
| Uzbekistan | N/A | N/A | 148 | 21.3 | -85.6% |
| India | N/A | N/A | 27.0 | N/A | 0% |
| Iran | N/A | N/A | 724 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 64.8 | 217 | 1,092 | 150 | 32.3% |
Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Azerbaijan in 2022:
- Turkey (12.1 tons)
- Uzbekistan (3.5 tons)
- China (3.2 tons)
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