Price for Blankets and Travelling Rugs in Azerbaijan - 2023

Contents:

  1. Price for Blankets and Travelling Rugs in Azerbaijan (CIF) - 2022
  2. Price for Blankets and Travelling Rugs in Azerbaijan (FOB) - 2022
  3. Imports of Blankets and Travelling Rugs in Azerbaijan
  4. Exports of Blankets and Travelling Rugs in Azerbaijan

Price for Blankets and Travelling Rugs in Azerbaijan (CIF) - 2022

In 2022, the average blankets and travelling rugs import price amounted to $3.6 per unit, with an increase of 9.6% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $5.1 per unit in 2014; however, from 2015 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 ($6.9 per unit), while the price for China ($2.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Blankets and Travelling Rugs in Azerbaijan (FOB) - 2022

The average blankets and travelling rugs export price stood at $33 per unit in 2022, surging by 504% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($151 per unit), while the average price for exports to Qatar ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+14.3%), while the prices for the other major destinations experienced a decline.

Imports of Blankets and Travelling Rugs in Azerbaijan

After three years of growth, overseas purchases of blankets and travelling rugses decreased by -44% to 963K units in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. As a result, imports reached the peak of 1.7M units, and then fell rapidly in the following year.

In value terms, blankets and travelling rugs imports reduced dramatically to $3.4M in 2022. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 61%. As a result, imports reached the peak of $5.6M, and then reduced dramatically in the following year.

Import of Blankets and Travelling Rugs in Azerbaijan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.61.83.41.95.9%
Turkey1.11.01.51.35.7%
Iran0.10.30.30.226.0%
Others0.10.40.40.10.0%
Total3.03.55.63.44.3%

Top Suppliers of Blankets and Travelling Rugs to Azerbaijan in 2022:

  1. China (711.9K units)
  2. Turkey (183.4K units)
  3. Iran (60.2K units)

Exports of Blankets and Travelling Rugs in Azerbaijan

In 2022, approx. 124 units of blankets and travelling rugses were exported from Azerbaijan; dropping by -84.5% compared with the previous year. Over the period under review, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 485% against the previous year. Over the period under review, the exports hit record highs at 24K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, blankets and travelling rugs exports reduced to $4.1K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 573%. The exports peaked at $114K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Blankets and Travelling Rugs in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SenegalN/AN/AN/A3.80%
GeorgiaN/AN/A4.00.2-95.0%
QatarN/AN/AN/A0.10%
RussiaN/A0.20.2N/A0.0%
Norway0.7N/AN/AN/A0%
Iran112N/AN/AN/A0%
Others0.60.50.1N/A-59.2%
Total1140.74.44.1-67.0%

Top Export Markets for Blankets and Travelling Rugs from Azerbaijan in 2022:

  1. Qatar (45.0 units)
  2. Georgia (41.0 units)
  3. Senegal (25.0 units)
  4. Russia (13.0 units)

Source: IndexBox Market Intelligence Platform

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