Azerbaijan: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Azerbaijan

The Azerbaijani market for nets of twine, cordage, rope or textile materials shrank significantly to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Azerbaijan

In 2022, exports of nets of twine, cordage, rope or textile materials from Azerbaijan rose notably to X kg, increasing by X% compared with the previous year. Over the period under review, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X kg. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, twine, cordage or textile net exports fell notably to $X in 2022. In general, exports, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Luxembourg (X kg) was the main destination for twine, cordage or textile net exports from Azerbaijan, with a X% share of total exports. Moreover, twine, cordage or textile net exports to Luxembourg exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg was relatively modest.

In value terms, Luxembourg ($X) emerged as the key foreign market for nets of twine, cordage, rope or textile materials exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Luxembourg was relatively modest.

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average 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 Sweden ($X per ton), while the average price for exports to Luxembourg amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%).

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Azerbaijan

Twine, cordage or textile net imports into Azerbaijan dropped significantly to X tons in 2022, with a decrease of X% against the previous year. Overall, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, twine, cordage or textile net imports declined rapidly to $X in 2022. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of twine, cordage or textile net to Azerbaijan, with a X% share of total imports. Moreover, twine, cordage or textile net imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Russia (X% per year).

In value terms, the largest twine, cordage or textile net suppliers to Azerbaijan were Turkey ($X), China ($X) and Russia ($X), together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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