Azerbaijan: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Azerbaijan

In 2021, the Azerbaijani market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a pronounced contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Azerbaijan

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021 estimated in export price. In general, production, however, saw a noticeable downturn. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Azerbaijan

For the fourth consecutive year, Azerbaijan recorded decline in overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, which decreased by -37.8% to X tons in 2021. Overall, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning dropped slightly to $X in 2021. Over the period under review, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2017 when exports increased by 41% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Iran totaled -27.3%.

In value terms, Iran ($X) also remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Azerbaijan.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran amounted to -21.3%.

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, growing by 60% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Iran amounted to +8.3% per year.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Azerbaijan

Imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning into Azerbaijan skyrocketed to X tons in 2021, growing by 34% against the previous year's figure. Over the period under review, imports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2015 when imports increased by 1,354%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 1,773%. Over the period under review, imports of attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Azerbaijan, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +79.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Azerbaijan were Germany ($X), Turkey ($X) and Russia ($X), with a combined 88% share of total imports.

Russia, with a CAGR of +99.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 23% against the previous year. Over the period under review, the import price continues to indicate modest growth. The pace of growth was the most pronounced in 2015 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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