Azerbaijan: Cotton Lint Market 2025

Cotton Lint Market Size in Azerbaijan

The Azerbaijani cotton lint market surged to $X in 2022, growing by 45% against the previous year. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Azerbaijan

In value terms, cotton lint production amounted to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 187%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of cotton lint in Azerbaijan surged to X tons per ha in 2022, rising by 21% compared with 2021. Overall, the yield saw a mild increase. The most prominent rate of growth was recorded in 2019 when the yield increased by 71%. Over the period under review, the average cotton lint yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cotton lint in Azerbaijan reduced slightly to X ha, approximately reflecting the previous year. Over the period under review, the harvested area, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 172% against the previous year. Over the period under review, the harvested area dedicated to cotton lint production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Cotton Lint Exports

Exports from Azerbaijan

After seven years of growth, overseas shipments of cotton lint decreased by -39% to X tons in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,310% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, cotton lint exports shrank significantly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,359%. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Turkey (X tons) was the main destination for cotton lint exports from Azerbaijan, accounting for a 92% share of total exports. Moreover, cotton lint exports to Turkey exceeded the volume sent to the second major destination, Iran (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +28.1%.

In value terms, Turkey ($X) remains the key foreign market for cotton lint exports from Azerbaijan, comprising 93% of total exports. The second position in the ranking was held by Iran ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +35.7%.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, increasing by 37% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by +71.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Iran totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.9%).

Cotton Lint Imports

Imports into Azerbaijan

In 2022, the amount of cotton lint imported into Azerbaijan soared to X tons, picking up by 149% compared with the year before. Over the period under review, imports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2016 when imports increased by 589,519%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton lint imports surged to $X in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 123,762%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main cotton lint supplier to Azerbaijan, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at -22.8%.

In value terms, Turkey ($X) constituted the largest supplier of cotton lint to Azerbaijan.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled -17.8%.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, which is down by -15.9% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 291% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +6.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :