Price for Graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheted in Azerbaijan - 2023

Contents:

  1. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan (CIF) - 2022
  2. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan (FOB) - 2022
  3. Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan
  4. Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan (CIF) - 2022

The average import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $2.7 per pair in 2022, shrinking by -19.4% against the previous year. Overall, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 140%. The import price peaked at $3.4 per pair in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($16 per pair), while the price for Turkey ($1.3 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan (FOB) - 2022

The average export price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $6 per pair in 2022, increasing by 200% against the previous year. Overall, the export price enjoyed a mild increase. The export price peaked at $9 per pair in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for Georgia amounted to +1.3% per year.

Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan

In 2022, supplies from abroad of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds was finally on the rise to reach 101K pairs for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds soared to $273K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey46.454.153.085.022.4%
Germany54.255.848.734.5-14.0%
SpainN/A3.49.428.7190.5%
Latvia25.528.538.327.12.0%
Czech Republic24.212.912.425.82.2%
Iran7.76.613.619.135.4%
China17.26.80.411.6-12.3%
United States24.21.82.22.5-53.1%
Others32.018.612.439.37.1%
Total2321891902735.6%

Top Suppliers of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted to Azerbaijan in 2022:

  1. Turkey (67.8K pairs)
  2. Iran (9.0K pairs)
  3. China (7.7K pairs)
  4. Spain (5.0K pairs)
  5. Czech Republic (3.9K pairs)
  6. Germany (2.9K pairs)
  7. Latvia (1.7K pairs)
  8. United States (0.2K pairs)

Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan

After two years of decline, overseas shipments of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds decreased by 0% to 1 pairs in 2022. In general, exports continue to indicate a dramatic decline. The smallest decline of -94.1% was in 2020. Over the period under review, the exports of attained the maximum at 17 pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds skyrocketed to $6 in 2022. Over the period under review, exports showed a sharp setback. The exports peaked at $98 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in Azerbaijan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Georgia98.09.02.06.0-60.6%
OthersN/AN/AN/AN/A0%
Total98.09.02.06.0-60.6%

Top Export Markets for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted from Azerbaijan in 2022:

  1. Georgia (1.0 pairs)

Source: IndexBox Market Intelligence Platform

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