Price for Tents of Synthetic Fibres in Azerbaijan - 2023

Price for Tents of Synthetic Fibres in Azerbaijan (CIF) - 2022

The average tents of synthetic fibres import price stood at $2,124 per ton in 2022, falling by -16.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of 46%. Over the period under review, average import prices hit record highs at $6,663 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($5,044 per ton), while the price for China totaled $1,647 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.9%), while the prices for the other major suppliers experienced a decline.

Price for Tents of Synthetic Fibres in Azerbaijan (FOB) - 2022

In 2022, the average tents of synthetic fibres export price amounted to $5,667 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a significant decline. The most prominent rate of growth was recorded in 2018 a decrease of -96.9%. Over the period under review, the average export prices reached the maximum at $29,235 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2017 to 2022, the rate of growth in terms of prices for France amounted to -95.6% per year.

Imports of Tents of Synthetic Fibres in Azerbaijan

Tents of synthetic fibres imports into Azerbaijan surged to 232 tons in 2022, picking up by 97% on 2021 figures. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 288% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tents of synthetic fibres imports soared to $493K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 202%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Tents of Synthetic Fibres in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.5	43.0	192	331	112.5%
Turkey	10.3	7.3	44.7	145	141.5%
Iran	3.7	5.0	4.9	3.4	-2.8%
Others	49.6	44.4	59.0	14.1	-34.2%
Total	98.0	99.6	301	493	71.3%

Top Suppliers of Tents of Synthetic Fibres to Azerbaijan in 2022:

China (200.9 tons)
Turkey (28.7 tons)
Iran (1.7 tons)

Exports of Tents of Synthetic Fibres in Azerbaijan

In 2022, approx. 72 kg of tents of synthetic fibreses were exported from Azerbaijan; approximately reflecting the previous year. Overall, exports continue to indicate a precipitous decrease. The smallest decline of 99.9% was in 2021.

In value terms, tents of synthetic fibres exports amounted to $408 in 2022. In general, exports faced a significant contraction. The smallest decline of 99.9% was in 2021.