Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Azerbaijan - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Azerbaijan (CIF) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Azerbaijan
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Azerbaijan (CIF) - 2022
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $5,072 per ton in 2022, waning by -8.8% against the previous year. Overall, the import price saw a abrupt slump. The growth pace was the most rapid in 2013 an increase of 41%. As a result, import price reached the peak level of $53,613 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($5,602 per ton), while the price for Taiwan (Chinese) ($3,889 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.8%), while the prices for the other major suppliers experienced a decline.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Azerbaijan
In 2022, approx. 34 tons of press-fasteners, snap-fasteners, press-studs and parts therefor were imported into Azerbaijan; rising by 19% on the previous year's figure. The total import volume increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor expanded remarkably to $172K in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +71.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.1 | 42.5 | 57.5 | 89.4 | 23.8% |
| Turkey | 52.4 | 48.8 | 96.2 | 65.8 | 7.9% |
| Taiwan (Chinese) | 0.1 | N/A | 0.6 | 5.9 | 289.3% |
| Others | 1.0 | 9.0 | 4.1 | 10.8 | 121.0% |
| Total | 101 | 100 | 158 | 172 | 19.4% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Azerbaijan in 2022:
- China (20.4 tons)
- Turkey (11.8 tons)
- Taiwan (Chinese) (1.5 tons)
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