Price for Cotton; Yarn Waste (Including Thread Waste) in Azerbaijan - 2023

Price for Cotton; Yarn Waste (Including Thread Waste) in Azerbaijan (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $522 per ton in 2022, dropping by -14.1% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2016 an increase of 108%. The export price peaked at $607 per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2013 to 2022, the rate of growth in terms of prices for Pakistan amounted to +18.6% per year.

Price for Cotton; Yarn Waste (Including Thread Waste) in Azerbaijan (CIF) - 2022

The average import price for cotton; yarn waste (including thread waste) stood at $1,053 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, saw a measured increase. The most prominent rate of growth was recorded in 2015 an increase of 179%. As a result, import price reached the peak level of $1,182 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.7% per year.

Exports of Cotton; Yarn Waste (Including Thread Waste) in Azerbaijan

Exports of cotton; yarn waste (including thread waste) from Azerbaijan shrank markedly to 38 tons in 2022, which is down by -71.7% compared with the year before. In general, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 208% against the previous year.

In value terms, exports of cotton; yarn waste (including thread waste) fell rapidly to $20K in 2022. Overall, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 392% against the previous year.

Export of Cotton; Yarn Waste (Including Thread Waste) in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	73.1	8.6	40.5	19.6	-35.5%
Portugal	N/A	N/A	27.8	N/A	0%
Georgia	8.1	0.2	4.5	N/A	-25.5%
Pakistan	11.3	7.6	8.0	N/A	-15.9%
Others	N/A	N/A	N/A	N/A	0%
Total	92.5	16.4	80.8	19.6	-40.4%

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Azerbaijan in 2022:

Turkey (37.6 tons)

Imports of Cotton; Yarn Waste (Including Thread Waste) in Azerbaijan

In 2022, the amount of cotton; yarn waste (including thread waste) imported into Azerbaijan soared to 1.3 tons, jumping by 836% compared with the year before. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cotton; yarn waste (including thread waste) skyrocketed to $1.4K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.