Price for Cotton; Sewing Thread, Put Up for Retail Sale in Azerbaijan - 2024

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Azerbaijan (CIF) - 2022
  2. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Azerbaijan

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Azerbaijan (CIF) - 2022

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $2,841 per ton, declining by -16.1% against the previous year. In general, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 an increase of 83% against the previous year. As a result, import price attained the peak level of $3,387 per ton, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($6,005 per ton), while the price for the United Arab Emirates ($1,122 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Azerbaijan

In 2022, overseas purchases of cotton; sewing thread, put up for retail sale were finally on the rise to reach 3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a dramatic downturn.

In value terms, imports of cotton; sewing thread, put up for retail sale soared to $8.4K in 2022. Over the period under review, imports, however, showed a significant contraction.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran36.72.90.54.1-51.8%
Turkey4.81.71.13.6-9.1%
United Arab Emirates0.50.30.30.3-15.7%
China19.76.70.70.3-75.2%
Others0.30.10.60.1-30.7%
Total62.011.83.38.4-48.6%

Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Azerbaijan in 2022:

  1. Iran (1967.0 kg)
  2. Turkey (598.0 kg)
  3. United Arab Emirates (286.0 kg)
  4. China (86.0 kg)

Source: IndexBox Market Intelligence Platform

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