Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan (CIF) - 2023
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $7.5 per unit in December 2023, shrinking by -21.3% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 159% against the previous month. As a result, import price attained the peak level of $16.3 per unit. From October 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($55.0 per unit), while the price for Iran ($1.3 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Pakistan (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $9.6 per unit in 2022, declining by -44.4% against the previous year. In general, the export price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by 84% against the previous year. The export price peaked at $212 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($125 per unit), while the average price for exports to Kazakhstan ($6.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+53.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan
In 2022, imports of articles of apparel and clothing accessories, of leather or of composition leather into Azerbaijan expanded remarkably to 523K units, increasing by 11% compared with 2021. Overall, imports, however, showed a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by 55%. Imports peaked at 577K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather rose significantly to $4.7M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Imports peaked at $4.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,825 | 1,306 | 2,388 | 2,216 | 6.7% |
| China | 890 | 370 | 508 | 570 | -13.8% |
| Pakistan | 295 | 161 | 252 | 474 | 17.1% |
| India | 569 | 366 | 392 | 310 | -18.3% |
| Others | 1,248 | 860 | 879 | 1,126 | -3.4% |
| Total | 4,828 | 3,063 | 4,420 | 4,696 | -0.9% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Azerbaijan in 2022:
- China (244.2K units)
- Turkey (181.7K units)
- Pakistan (83.2K units)
- India (7.1K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather, which increased by 80% to 1.8K units in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 176%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather stood at $18K in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 370% against the previous year. As a result, the exports reached the peak of $23K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 8.7 | 9.9 | 13.8% |
| Kazakhstan | N/A | N/A | N/A | 2.9 | 0% |
| Georgia | N/A | N/A | 0.7 | 2.5 | 257.1% |
| United Kingdom | N/A | 0.5 | N/A | 0.6 | 9.5% |
| Turkey | N/A | 10.6 | N/A | 0.2 | -86.3% |
| Nigeria | 3.1 | N/A | N/A | N/A | 0% |
| Jordan | N/A | 3.6 | 1.5 | N/A | -58.3% |
| Others | 1.9 | 8.5 | 6.7 | 1.8 | -1.8% |
| Total | 4.9 | 23.2 | 17.7 | 17.7 | 53.4% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Azerbaijan in 2022:
- Russia (942.0 units)
- Kazakhstan (461.0 units)
- Georgia (342.0 units)
- United Kingdom (78.0 units)
- Turkey (3.0 units)
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