Azerbaijan: Twine And Cordage Market 2025

Twine And Cordage Market Size in Azerbaijan

The Azerbaijani twine and cordage market contracted remarkably to $X in 2022, declining by -64.2% against the previous year. Over the period under review, consumption continues to indicate a pronounced decline. Twine and cordage consumption peaked at $X in 2021, and then reduced notably in the following year.

Twine And Cordage Production in Azerbaijan

In value terms, twine and cordage production declined to $X in 2022 estimated in export price. Over the period under review, production saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Twine and cordage production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Twine And Cordage Exports

Exports from Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in shipments abroad of twine, cordage, rope and cables, which increased by 783% to X tons in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine and cordage exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 1,548% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Export Prices by Country

The average twine and cordage export price stood at $X per ton in 2022, with a decrease of -59.5% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2017 an increase of 361%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.5%), while the prices for the other major destinations experienced a decline.

Twine And Cordage Imports

Imports into Azerbaijan

In 2022, supplies from abroad of twine, cordage, rope and cables decreased by -2.3% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 211%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, twine and cordage imports fell dramatically to $X in 2022. In general, imports, however, saw a notable expansion. The growth pace was the most rapid in 2014 when imports increased by 734% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped sharply in the following year.

Imports by Country

China (X tons), Iran (X tons) and Turkey (X tons) were the main suppliers of twine and cordage imports to Azerbaijan, together accounting for 57% of total imports. Turkmenistan, the United Arab Emirates, India and Greece lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +70.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Turkey ($X) and China ($X) constituted the largest twine and cordage suppliers to Azerbaijan, together accounting for 31% of total imports.

Greece, with a CAGR of +67.3%, saw 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 more modest paces of growth.

Import Prices by Country

The average twine and cordage import price stood at $X per ton in 2022, falling by -34.2% against the previous year. Overall, the import price recorded a deep contraction. The growth pace was the most rapid in 2021 an increase of 187% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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