Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan - 2023

Contents:

1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan (CIF) - 2023
2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan (FOB) - 2022
3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan
4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan (CIF) - 2023

In November 2023, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $3,838 per ton, growing by 4.3% against the previous month. Overall, import price indicated a mild expansion from December 2022 to November 2023: its price increased at an average monthly rate of +1.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses increased by +12.4% against July 2023 indices. The growth pace was the most rapid in April 2023 an increase of 57% month-to-month. As a result, import price attained the peak level of $6,330 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($8,248 per ton), while the price for Iran ($2,455 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Iran (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan (FOB) - 2022

In 2022, the average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $7,603 per ton, which is down by -16.6% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 555%. Over the period under review, the average export prices hit record highs at $25,643 per ton in 2012; however, from 2013 to 2022, the 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 the UK ($16,636 per ton), while the average price for exports to the Netherlands ($6,667 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 the Netherlands (+151.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan

For the fourth year in a row, Azerbaijan recorded growth in purchases abroad of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses, which increased by 14% to 844 tons in 2022. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses expanded notably to $3.1M in 2022. The total import value increased at an average annual rate of +8.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Azerbaijan in 2022:

1. Turkey (431.1 tons)
2. China (382.3 tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Azerbaijan

In 2022, approx. 469 kg of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses were exported from Azerbaijan; rising by 133% on the year before. Over the period under review, exports, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 443%.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses skyrocketed to $3.6K in 2022. In general, exports, however, recorded a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 464% against the previous year.

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Azerbaijan in 2022:

1. Georgia (387.0 kg)
2. Netherlands (60.0 kg)
3. United Kingdom (22.0 kg)

Source: IndexBox Market Intelligence Platform