Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan (CIF) - 2023
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan (CIF) - 2023
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $1,579 per ton in December 2023, increasing by 1.6% against the previous month. Overall, import price indicated a modest expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -40.0% against August 2023 indices. The growth pace was the most rapid in August 2023 an increase of 125% against the previous month. As a result, import price attained the peak level of $2,629 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($6,321 per ton), while the price for Iran ($768 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $12,956 per ton, growing by 88% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 291%. Over the period under review, the average export prices hit record highs at $18,042 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($35,359 per ton), while the average price for exports to Turkey ($6,730 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 Saudi Arabia (+8.7%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan
In 2022, approx. 3.5K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into Azerbaijan; growing by 2.9% against the year before. In general, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 4.5%.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) rose slightly to $5.8M in 2022. Overall, imports, however, recorded a perceptible decline.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,676 | 1,610 | 2,131 | 1,754 | 1.5% |
| Turkey | 827 | 519 | 589 | 999 | 6.5% |
| China | 1,380 | 503 | 473 | 883 | -13.8% |
| Iran | 631 | 692 | 707 | 604 | -1.4% |
| Belarus | 192 | 135 | 27.6 | 511 | 38.6% |
| Japan | 218 | 192 | 178 | 248 | 4.4% |
| Others | 1,318 | 2,058 | 1,451 | 762 | -16.7% |
| Total | 6,242 | 5,708 | 5,556 | 5,761 | -2.6% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Azerbaijan in 2022:
- Russia (1492.1 tons)
- Iran (718.9 tons)
- Turkey (489.7 tons)
- China (489.1 tons)
- Belarus (219.1 tons)
- Japan (52.7 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan
In 2022, overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -90.6% to 731 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 4,310%. As a result, the exports attained the peak of 8.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) reduced sharply to $9.5K in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 4,324%. As a result, the exports attained the peak of $64K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 4.1 | 0% |
| Turkey | N/A | 50.0 | 32.2 | 3.7 | -72.8% |
| United Kingdom | N/A | N/A | N/A | 1.7 | 0% |
| Tajikistan | N/A | N/A | 20.0 | N/A | 0% |
| Brunei Darussalam | N/A | 14.0 | N/A | N/A | 0% |
| Others | 1.4 | 0.1 | 1.0 | N/A | -15.5% |
| Total | 1.4 | 64.1 | 53.2 | 9.5 | 89.3% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Azerbaijan in 2022:
- Turkey (544.0 kg)
- Saudi Arabia (117.0 kg)
- United Kingdom (70.0 kg)
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