Azerbaijan: Wooden Door Market 2024

Wooden Door Market Size in Azerbaijan

The Azerbaijani wooden door market soared to $X in 2021, growing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw buoyant growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Wooden Door Exports

Exports from Azerbaijan

In 2021, overseas shipments of doors and their frames and thresholds of wood decreased by -83.5% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 2,427%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden door exports declined sharply to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 1,727%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for wooden door exports from Azerbaijan, with a 86% share of total exports. Moreover, wooden door exports to Turkey exceeded the volume sent to the second major destination, Russia (X units), ninefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+9.2% per year) and the United Arab Emirates (+9.5% per year).

In value terms, Turkey ($X) remains the key foreign market for doors and their frames and thresholds of wood exports from Azerbaijan, comprising 70% of total exports. The second position in the ranking was taken by Russia ($X), with a 17% share of total exports. It was followed by Georgia, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +72.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+10.8% per year) and Georgia (+16.0% per year).

Export Prices by Country

The average wooden door export price stood at $X per unit in 2021, increasing by 89% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Georgia ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

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Wooden Door Imports

Imports into Azerbaijan

In 2021, imports of doors and their frames and thresholds of wood into Azerbaijan surged to X units, rising by 24% against 2020 figures. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, wooden door imports surged to $X in 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of wooden door to Azerbaijan, accounting for a 76% share of total imports. Moreover, wooden door imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +48.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+11.7% per year) and Turkey (-8.7% per year).

In value terms, Russia ($X) constituted the largest supplier of doors and their frames and thresholds of wood to Azerbaijan, comprising 65% of total imports. The second position in the ranking was held by Ukraine ($X), with a 17% share of total imports. It was followed by Turkey, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+7.5% per year) and Turkey (-5.4% per year).

Import Prices by Country

In 2021, the average wooden door import price amounted to $X per unit, with a decrease of -6.7% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 an increase of 12%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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