Azerbaijan: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Azerbaijan

The Azerbaijani textile rubber hose market soared to $X in 2021, with an increase of 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Textile Rubber Hose Exports

Exports from Azerbaijan

In 2020, exports of rubber hose reinforced with textiles from Azerbaijan fell notably to X kg, waning by -92.1% compared with the previous year's figure. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 119,000% against the previous year. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, textile rubber hose exports declined significantly to $X in 2020. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 1,288,500% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

Belgium (X kg) was the main destination for textile rubber hose exports from Azerbaijan, with a 97% share of total exports. It was followed by Norway (X kg), with a 2.1% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-99.8% per year) and Georgia (-73.0% per year).

In value terms, Belgium ($X) emerged as the key foreign market for rubber hose reinforced with textiles exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was held by Norway ($X), with a 1.7% share of total exports.

From 2013 to 2020, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-99.6% per year) and Georgia (-80.1% per year).

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2020, picking up by 192% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 1,047% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2013 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+125.2%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Rubber Hose Imports

Imports into Azerbaijan

In 2021, textile rubber hose imports into Azerbaijan expanded rapidly to X tons, increasing by 12% on the year before. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 201%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, textile rubber hose imports soared to $X in 2021. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 143%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) was the main textile rubber hose supplier to Azerbaijan, accounting for a 90% share of total imports. Moreover, textile rubber hose imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and Turkey (+5.7% per year).

In value terms, Russia ($X) constituted the largest supplier of rubber hose reinforced with textiles to Azerbaijan, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 5.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.5% per year) and Turkey (+17.1% per year).

Import Prices by Country

In 2021, the average textile rubber hose import price amounted to $X per ton, rising by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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