Azerbaijan: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Azerbaijan

The Azerbaijani man-made filament fabric market expanded sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Man-Made Filament Fabric Production in Azerbaijan

In value terms, man-made filament fabric production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Man-made filament fabric production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Man-Made Filament Fabric Exports

Exports from Azerbaijan

In 2022, man-made filament fabric exports from Azerbaijan fell dramatically to X square meters, shrinking by X% on the year before. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, man-made filament fabric exports shrank sharply to $X in 2022. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X square meters) was the main destination for man-made filament fabric exports from Azerbaijan, with a X% share of total exports. Moreover, man-made filament fabric exports to Russia exceeded the volume sent to the second major destination, Georgia (X square meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for woven fabrics of man-made filaments and staple fibers exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average man-made filament fabric export price stood at $X per square meter in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Kazakhstan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Fabric Imports

Imports into Azerbaijan

In 2022, man-made filament fabric imports into Azerbaijan expanded remarkably to X square meters, increasing by X% on the previous year. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, man-made filament fabric imports soared to $X in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest man-made filament fabric supplier to Azerbaijan, with a X% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, Iran (X square meters), twofold. The third position in this ranking was taken by Turkey (X square meters), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

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

Import Prices by Country

In 2022, the average man-made filament fabric import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, man-made filament fabric import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Georgia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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