Azerbaijan: Festive Articles Market 2024

Festive Articles Market Size in Azerbaijan

In 2022, the Azerbaijani festive articles market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate significant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Festive Articles Exports

Exports from Azerbaijan

In 2022, overseas shipments of festive or carnival articles increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, festive articles exports skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Georgia (X tons) was the main destination for festive articles exports from Azerbaijan, with a X% share of total exports. Moreover, festive articles exports to Georgia exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Georgia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the UK (X% per year).

In value terms, Georgia ($X) emerged as the key foreign market for festive or carnival articles exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and the UK (X% per year).

Export Prices by Country

The average festive articles export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into Azerbaijan

After two years of decline, supplies from abroad of festive or carnival articles increased by X% to X tons in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, festive articles imports surged to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main festive articles supplier to Azerbaijan, with a X% share of total imports. Moreover, festive articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Iran (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average festive articles import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 Ukraine ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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