Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan (CIF) - 2023
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan (CIF) - 2023

In November 2023, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $1,197 per ton, rising by 7.8% against the previous month. In general, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 44% m-o-m. The import price peaked at $1,841 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Iran ($1,356 per ton), while the price for Turkey amounted to $1,152 per ton.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Iran (+0.8%).

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan (FOB) - 2022

In 2022, the average export price for felt; whether or not impregnated, coated, covered or laminateds amounted to $88,630 per ton, standing approx. at the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2015 when the average export price increased by 69%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +399.8% per year.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan

In 2022, approx. 2.5K tons of felt; whether or not impregnated, coated, covered or laminateds were imported into Azerbaijan; rising by 17% compared with the previous year. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds surged to $3.1M in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Azerbaijan in 2022:

1. Turkey (2249.6 tons)
2. Iran (260.1 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Azerbaijan

In 2022, shipments abroad of felt; whether or not impregnated, coated, covered or laminateds decreased by 0% to 27 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds stood at $2.4K in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Azerbaijan in 2022:

1. Russia (27.0 kg)

Source: IndexBox Market Intelligence Platform