Price for Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan - 2023

Contents:

1. Price for Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan (CIF) - 2022
2. Price for Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan (FOB) - 2022
3. Imports of Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan
4. Exports of Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan

Price for Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan (CIF) - 2022

In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $4.5 per unit, reducing by -16% against the previous year. In general, the import price showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked at $46 per unit 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 China ($24 per unit), while the price for Turkey totaled $4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-4.5%), while the prices for the other major suppliers experienced a decline.

Price for Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan (FOB) - 2022

The average export price for track suits; of cotton, knitted or crocheted stood at $3.6 per unit in 2022, surging by 22% against the previous year. In general, the export price, however, faced a deep contraction. The export price peaked at $10 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($3.9 per unit), while the average price for exports to Turkey stood at $1 per unit.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-11.0%).

Imports of Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan

In 2022, the amount of track suits; of cotton, knitted or crocheted imported into Azerbaijan surged to 378K units, rising by 95% against the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 142% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of track suits; of cotton, knitted or crocheted surged to $1.7M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Azerbaijan in 2022:

1. Turkey (373.2K units)

Exports of Track Suits; of Cotton, Knitted or Crocheted in Azerbaijan

Exports of track suits; of cotton, knitted or crocheted from Azerbaijan fell remarkably to 9 units in 2022, waning by -18.2% on the previous year. Overall, exports recorded a deep slump. The smallest decline of -15.4% was in 2021. Over the period under review, the exports of hit record highs at 13 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of track suits; of cotton, knitted or crocheted totaled $32 in 2022. The total export value increased at an average annual rate of +1.6% from 2020 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 3.2%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from Azerbaijan in 2022:

1. Georgia (8.0 units)
2. Turkey (1.0 units)

Source: IndexBox Market Intelligence Platform