Price for Wadding; Other Articles Thereof, of Cotton in Azerbaijan - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Azerbaijan (CIF) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in Azerbaijan (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Azerbaijan
- Exports of Wadding; Other Articles Thereof, of Cotton in Azerbaijan
Price for Wadding; Other Articles Thereof, of Cotton in Azerbaijan (CIF) - 2024
The average import price for wadding; other articles thereof, of cotta stood at $5,261 per ton in March 2024, surging by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 26% month-to-month. As a result, import price reached the peak level of $6,136 per ton. From January 2024 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Russia ($8,619 per ton), while the price for Turkmenistan ($3,468 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in Azerbaijan (FOB) - 2022
The average export price for wadding; other articles thereof, of cotta stood at $13,500 per ton in 2022, shrinking by -45.5% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 51,700% against the previous year. As a result, the export price attained the peak level of $43,167 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($17,000 per ton), while the average price for exports to Georgia stood at $10,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+439.0%).
Imports of Wadding; Other Articles Thereof, of Cotton in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of wadding; other articles thereof, of cotta, which increased by 2.7% to 337 tons in 2022. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of wadding; other articles thereof, of cotta rose significantly to $1.7M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Wadding; Other Articles Thereof, of Cotton in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 819 | 785 | 810 | 982 | 6.2% |
| Russia | 191 | 233 | 483 | 297 | 15.9% |
| Turkmenistan | 10.1 | N/A | 70.9 | 190 | 166.0% |
| China | 53.9 | 55.2 | 14.3 | 57.7 | 2.3% |
| Poland | 45.9 | 42.8 | 36.3 | 25.4 | -17.9% |
| Others | 102 | 92.5 | 44.1 | 98.1 | -1.3% |
| Total | 1,222 | 1,208 | 1,459 | 1,651 | 10.5% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Azerbaijan in 2022:
- Turkey (208.3 tons)
- Turkmenistan (59.3 tons)
- Russia (39.3 tons)
- China (17.4 tons)
- Poland (2.9 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Azerbaijan
For the third year in a row, Azerbaijan recorded decline in overseas shipments of wadding; other articles thereof, of cotta, which decreased by -77.8% to 2 kg in 2022. In general, exports recorded a precipitous slump. The smallest decline of -10% was in 2021.
In value terms, exports of wadding; other articles thereof, of cotta declined dramatically to $27 in 2022. Overall, exports faced a sharp shrinkage. The smallest decline of -12.3% was in 2020.
| Export of Wadding; Other Articles Thereof, of Cotton in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | N/A | N/A | N/A | 17.0 | 0% |
| Georgia | 394 | 356 | 223 | 10.0 | -70.6% |
| Kazakhstan | N/A | 1.0 | N/A | N/A | 0% |
| South Korea | 13.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 407 | 357 | 223 | 27.0 | -59.5% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Azerbaijan in 2022:
- Georgia (1.0 kg)
- Botswana (1.0 kg)
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