Azerbaijan: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Azerbaijan

The Azerbaijani market for polyester tow and staple, not carded, combed or otherwise processed for spinning declined to $X in 2022, falling by -2% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.8% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Azerbaijan

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning declined slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Azerbaijan

In 2022, after four years of decline, there was decline in overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by 0% to X kg. In general, exports continue to indicate a sharp curtailment. The smallest decline of -19.3% was in 2019. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X in 2022. Overall, exports showed a sharp slump. The smallest decline of -29% was in 2019. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to Georgia was relatively modest.

From 2017 to 2022, the average annual rate of growth in terms of value to Georgia was relatively modest.

Export Prices by Country

In 2022, the average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 9.5% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2017 to 2022, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Azerbaijan

For the fifth year in a row, Azerbaijan recorded growth in overseas purchases of polyester tow and staple, not carded, combed or otherwise processed for spinning, which increased by 18% to X tons in 2022. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 90% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Azerbaijan, accounting for a 78% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+58.1% per year) and China (+10.2% per year).

In value terms, Iran ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Azerbaijan, comprising 70% of total imports. The second position in the ranking was taken by Turkey ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Iran amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+56.9% per year) and China (+9.5% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, rising by 7% against the previous year. Overall, the import price, however, showed a noticeable setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran ($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 (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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