Price for Textiles; Worn Clothing and Other Worn Articles in Azerbaijan - 2023

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Azerbaijan (CIF) - 2023
2. Price for Textiles; Worn Clothing and Other Worn Articles in Azerbaijan (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Azerbaijan
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Azerbaijan

Price for Textiles; Worn Clothing and Other Worn Articles in Azerbaijan (CIF) - 2023

In December 2023, the average import price for textiles; worn clothing and other worn articleses amounted to $3,480 per ton, growing by 2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in August 2023 an increase of 19% month-to-month. The import price peaked in December 2023.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($30,168 per ton), while the price for Turkey ($788 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Azerbaijan (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $3,182 per ton, jumping by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,193 per ton), while the average price for exports to Turkmenistan ($1,790 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Azerbaijan

In 2022, approx. 788 tons of textiles; worn clothing and other worn articleses were imported into Azerbaijan; which is down by -4.8% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +58.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of 828 tons, and then shrank in the following year.

In value terms, imports of textiles; worn clothing and other worn articleses declined to $2.2M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of $2.3M, and then shrank slightly in the following year.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Azerbaijan in 2022:

1. Netherlands (252.4 tons)
2. Belgium (160.8 tons)
3. Germany (152.2 tons)
4. Russia (61.8 tons)
5. Turkey (31.5 tons)
6. Bulgaria (27.9 tons)
7. Portugal (25.6 tons)
8. United States (18.6 tons)
9. Finland (16.5 tons)
10. Slovakia (14.7 tons)
11. China (7.3 tons)
12. United Kingdom (6.9 tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Azerbaijan

In 2022, the amount of textiles; worn clothing and other worn articleses exported from Azerbaijan contracted markedly to 43 tons, dropping by -47% compared with the previous year. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. As a result, the exports reached the peak of 81 tons, and then shrank rapidly in the following year.

In value terms, exports of textiles; worn clothing and other worn articleses reduced markedly to $137K in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 84%. As a result, the exports reached the peak of $203K, and then contracted significantly in the following year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Azerbaijan in 2022:

1. United Kingdom (16.5 tons)
2. Russia (5.4 tons)
3. Turkey (3.3 tons)
4. United States (2.1 tons)
5. France (1.8 tons)
6. Turkmenistan (1.5 tons)
7. Germany (1.4 tons)
8. Qatar (0.8 tons)
9. Bulgaria (0.8 tons)
10. Canada (0.7 tons)
11. United Arab Emirates (0.7 tons)
12. India (0.7 tons)

Source: IndexBox Market Intelligence Platform