Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Azerbaijan - 2023

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Azerbaijan (CIF) - 2022
2. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Azerbaijan

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Azerbaijan (CIF) - 2022

In 2022, the average import price for yarn of other vegetable textile fibres; paper yarns amounted to $5,875 per ton, increasing by 17% against the previous year. Overall, import price indicated strong growth from 2015 to 2022: its price increased at an average annual rate of +16.6% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn of other vegetable textile fibres; paper yarns increased by +31.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 138%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Dominican Republic ($11,236 per ton), while the price for China ($2,099 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+41.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Azerbaijan

In 2022, purchases abroad of yarn of other vegetable textile fibres; paper yarns decreased by -18% to 3 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 4.2%. As a result, imports reached the peak of 5.1 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns dropped slightly to $18K in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of $25K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Azerbaijan in 2022:

1. Turkey (1406.0 kg)
2. China (817.0 kg)
3. Dominican Republic (785.0 kg)

Source: IndexBox Market Intelligence Platform