Report Update Nov 1, 2024

Azerbaijan - Cotton Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Cotton Yarn Market 2024

Cotton Yarn Market Size in Azerbaijan

The Azerbaijani cotton yarn market skyrocketed to $X in 2022, picking up by 150% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cotton Yarn Production in Azerbaijan

In value terms, cotton yarn production rose to $X in 2022 estimated in export price. In general, production, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 107%. Cotton yarn production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cotton Yarn Exports

Exports from Azerbaijan

In 2022, approx. X tons of cotton yarn were exported from Azerbaijan; dropping by -53.2% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, cotton yarn exports fell significantly to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 207%. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Turkey (X tons) was the main destination for cotton yarn exports from Azerbaijan, with a 77% share of total exports. Moreover, cotton yarn exports to Turkey exceeded the volume sent to the second major destination, Russia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +22.6%.

In value terms, Turkey ($X) remains the key foreign market for cotton yarn exports from Azerbaijan, comprising 80% of total exports. The second position in the ranking was taken by Russia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +28.0%.

Export Prices by Country

In 2022, the average cotton yarn export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 50%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas 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 Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.5%).

Cotton Yarn Imports

Imports into Azerbaijan

After six years of growth, supplies from abroad of cotton yarn decreased by -15.8% to X tons in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 5,111%. Imports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, cotton yarn imports fell to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 3,332% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of cotton yarn to Azerbaijan, with a 88% share of total imports. Moreover, cotton yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+15.9% per year) and China (+4.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of cotton yarn to Azerbaijan, comprising 78% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +59.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+15.4% per year) and China (+7.8% per year).

Import Prices by Country

In 2022, the average cotton yarn import price amounted to $X per ton, growing by 2.2% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest producers of cotton yarn in the world?

The countries with the highest volumes of in 2021 were India, Vietnam and Uzbekistan, together comprising 68% of global production.

What are the leading suppliers of cotton yarn to Azerbaijan?

In value terms, Turkey constituted the largest supplier of cotton yarn to Azerbaijan, comprising 79% of total imports. The second position in the ranking was occupied by Uzbekistan, with an 11% share of total imports. It was followed by Tajikistan, with a 3.6% share.

What are the leading importers of cotton yarn from Azerbaijan?

In value terms, Turkey remains the key foreign market for cotton yarn exports from Azerbaijan, comprising 62% of total exports. The second position in the ranking was occupied by Russia, with a 27% share of total exports. It was followed by Pakistan, with a 6.3% share.

What is the average export price for cotton yarn in Azerbaijan?

The average cotton yarn export price stood at $2,096 per ton in 2020, reducing by -11% against the previous year.

What is the average import price for cotton yarn in Azerbaijan?

In 2020, the average cotton yarn import price amounted to $1,940 per ton, shrinking by -26.1% against the previous year.

This report provides an in-depth analysis of the cotton yarn market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)
Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.
Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.
Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery
Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery
Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023