Report Update: Apr 3, 2024

Azerbaijan - Spectacles And Goggles - Market Analysis, Forecast, Size, Trends And Insights

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Spectacles and Goggles Price in Azerbaijan - 2023

Spectacles and Goggles Price in Azerbaijan (CIF) - 2023

In July 2023, the average spectacles and goggles import price amounted to $665 per thousand units, which is down by -31.1% against the previous month. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in November 2022 an increase of 224% month-to-month. Over the period under review, average import prices hit record highs at $1.3 per unit in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($5.3 per unit), while the price for Turkey ($548 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Spectacles and Goggles Price in Azerbaijan (FOB) - 2022

The average spectacles and goggles export price stood at $6.1 per unit in 2022, declining by -14.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of 75% against the previous year. The export price peaked at $7.6 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($35 per unit), while the average price for exports to Turkmenistan ($4.8 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 Russia (+368.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles and Goggles Imports in Azerbaijan

In 2022, spectacles and goggles imports into Azerbaijan reached 2.3M units, picking up by 13% on 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% 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 decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%. As a result, imports reached the peak of 2.5M units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, spectacles and goggles imports soared to $1.5M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 66% against the previous year. As a result, imports reached the peak of $1.9M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Spectacles and Goggles in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	689	1,443	729	1,093	16.6%
Taiwan (Chinese)	155	223	293	247	16.8%
Turkey	152	137	123	77.7	-20.0%
Russia	6.3	2.1	24.0	31.3	70.6%
Others	162	124	144	72.7	-23.4%
Total	1,164	1,929	1,313	1,522	9.4%

Top Suppliers of Spectacles and Goggles to Azerbaijan in 2022:

China (1995.7K units)
Taiwan (Chinese) (128.7K units)
Turkey (87.6K units)
Russia (34.5K units)

Spectacles and Goggles Exports in Azerbaijan

In 2022, overseas shipments of spectacles and goggles decreased by -16.8% to 919 units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 1.9% against the previous year. As a result, the exports reached the peak of 1.1K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectacles and goggles exports contracted significantly to $5.6K in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. As a result, the exports attained the peak of $7.9K, and then dropped notably in the following year.

Export of Spectacles and Goggles in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Georgia	2.0	0.1	1.2	2.4	6.3%
Turkmenistan	2.2	4.3	N/A	2.2	0.0%
Turkey	N/A	0.1	N/A	0.4	100.0%
Russia	N/A	N/A	6.5	0.4	-93.8%
United Kingdom	N/A	N/A	N/A	0.2	0%
Netherlands	0.6	N/A	N/A	N/A	0%
Others	0.1	0.1	0.2	0.1	0.0%
Total	5.0	4.7	7.9	5.6	3.8%

Top Export Markets for Spectacles and Goggles from Azerbaijan in 2022:

Turkmenistan (450.0 units)
Georgia (375.0 units)
United Kingdom (32.0 units)
Turkey (30.0 units)
Russia (11.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectacles and goggles market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32504290 - Spectacles, goggles and the like, corrective, protective or other (excluding sunglasses)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023