Report Update Nov 1, 2024

Azerbaijan - Woven Fabrics of Silk or of Silk Waste - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Silk Fabric Market 2024

Silk Fabric Market Size in Azerbaijan

The Azerbaijani silk fabric market contracted to $X in 2021, dropping by -3.5% against the previous year. In general, consumption showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Silk Fabric Production in Azerbaijan

In value terms, silk fabric production surged to $X in 2021 estimated in export price. In general, production, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silk Fabric Exports

Exports from Azerbaijan

In 2021, silk fabric exports from Azerbaijan shrank to X square meters, with a decrease of -14.4% against the previous year. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 234%. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, silk fabric exports rose slightly to $X in 2021. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 210% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Iran (X square meters) was the main destination for silk fabric exports from Azerbaijan, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Iran stood at -12.8%.

In value terms, Iran ($X) also remains the key foreign market for woven fabrics of silk or of silk waste exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Iran stood at -18.3%.

Export Prices by Country

In 2021, the average silk fabric export price amounted to $X per square meter, rising by 23% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Turkmenistan amounted to +2.8% per year.

Silk Fabric Imports

Imports into Azerbaijan

In 2021, supplies from abroad of woven fabrics of silk or of silk waste decreased by -73% to X square meters, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 4,372%. Over the period under review, imports attained the maximum at X square meters in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, silk fabric imports contracted to $X in 2021. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 1,461% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X square meters), South Korea (X square meters) and India (X square meters) were the main suppliers of silk fabric imports to Azerbaijan, with a combined 65% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +135.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Lithuania ($X) and the UK ($X) were the largest silk fabric suppliers to Azerbaijan, with a combined 31% share of total imports. Italy, Turkey, South Korea, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, South Korea, with a CAGR of +137.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, jumping by 227% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+73.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?

Russia remains the largest silk fabric consuming country worldwide, accounting for 33% of total volume. Moreover, silk fabric consumption in Russia exceeded the figures recorded by the second-largest consumer, China, twofold. Belarus ranked third in terms of total consumption with an 8.3% share.

What are the largest producers of woven fabrics of silk or of silk waste in the world?

Russia constituted the country with the largest volume of silk fabric production, comprising approx. 32% of total volume. Moreover, silk fabric production in Russia exceeded the figures recorded by the second-largest producer, China, twofold. Belarus ranked third in terms of total production with an 8.3% share.

What are the leading suppliers of woven fabrics of silk or of silk waste to Azerbaijan?

In value terms, India, Italy and Turkey appeared to be the largest silk fabric suppliers to Azerbaijan, with a combined 56% share of total imports. These countries were followed by South Korea and Iran, which together accounted for a further 15%.

What are the leading importers of woven fabrics of silk or of silk waste from Azerbaijan?

In value terms, Iran remains the key foreign market for silk fabric exports from Azerbaijan.

What is the average export price for woven fabrics of silk or of silk waste in Azerbaijan?

In 2021, the average silk fabric export price amounted to $35 per square meter, falling by -17.8% against the previous year.

What is the average import price for woven fabrics of silk or of silk waste in Azerbaijan?

The average silk fabric import price stood at $35 per square meter in 2021, rising by 63% against the previous year.

This report provides an in-depth analysis of the silk fabric 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 13201100 - Woven fabrics of silk or silk waste

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