Azerbaijan: Textile Tubing Market 2023

Textile Tubing Market Size in Azerbaijan

The Azerbaijani textile tubing market declined to $X in 2021, waning by -10.9% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Textile Tubing Production in Azerbaijan

In value terms, textile tubing production rose to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports from Azerbaijan

In 2021, shipments abroad of textile hosepiping and similar textile tubing decreased by -17.6% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 973%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, textile tubing exports dropped significantly to $X in 2021. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 946%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X kg) was the main destination for textile tubing exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia totaled -21.8%.

In value terms, Georgia ($X) also remains the key foreign market for textile hosepiping and similar textile tubing exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Georgia stood at -24.6%.

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2021, waning by -40.9% against the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 150% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to -3.5% per year.

Textile Tubing Imports

Imports into Azerbaijan

In 2021, purchases abroad of textile hosepiping and similar textile tubing decreased by -78.6% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 150%. Imports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, textile tubing imports fell significantly to $X in 2021. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 212% against the previous year. Imports peaked at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest textile tubing supplier to Azerbaijan, accounting for a 56% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was taken by Ukraine (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+13.7% per year) and Ukraine (-2.0% per year).

In value terms, the United States ($X) constituted the largest supplier of textile hosepiping and similar textile tubing to Azerbaijan, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +67.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.1% per year) and China (+23.8% per year).

Import Prices by Country

In 2021, the average textile tubing import price amounted to $X per ton, rising by 17% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 82%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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