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Azerbaijan - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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Azerbaijan: Jewelry Market Overview 2021

Jewelry Market Size in Azerbaijan

The Azerbaijani jewelry market rose slightly to $X in 2020, surging by X% against the previous year. Overall, consumption recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Jewelry consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Jewelry Production in Azerbaijan

In value terms, jewelry production totaled $X in 2020 estimated in export prices. Over the period under review, production posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, production attained the peak level in 2020 and is likely to continue growth in the immediate term.

Jewelry Exports

Exports from Azerbaijan

Jewelry exports from Azerbaijan dropped notably to X kg in 2020, shrinking by -X% on the previous year's figure. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. from 2009 to 2020, the growth exports remained at a lower figure.

In value terms, jewelry exports fell rapidly to $X in 2020. In general, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for jewelry exports from Azerbaijan, with a X% share of total exports. Moreover, jewelry exports to Switzerland exceeded the volume sent to the second major destination, Georgia (X kg), fourfold.

From 2007 to 2020, the average annual growth rate of volume to Switzerland amounted to -X%.

In value terms, Switzerland ($X) remains the key foreign market for jewelry exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by Georgia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Switzerland totaled -X%.

Export Prices by Country

In 2020, the average jewelry export price amounted to $X per kg, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per kg in 2017; afterwards, it flattened through to 2020.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per kg), while the average price for exports to Georgia stood at $X per kg.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland.

Jewelry Imports

Imports into Azerbaijan

After two years of growth, supplies from abroad of jewelry decreased by -X% to X tonnes in 2020. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, jewelry imports reduced markedly to $X in 2020. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then declined rapidly in the following year.

Imports by Country

China (X kg), Italy (X kg) and Turkey (X kg) were the main suppliers of jewelry imports to Azerbaijan, with a combined X% share of total imports. These countries were followed by Thailand, the U.S., Brazil, Russia and India, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of jewelry to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Turkey (+X% per year).

Import Prices by Country

The average jewelry import price stood at $X per kg in 2020, rising by X% against the previous year. In general, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per kg in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per kg), while the price for Brazil ($X per kg) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for jewelry in the world?
+
The countries with the highest volumes of jewelry consumption in 2020 were China (4.5K tonnes), the UK (4K tonnes) and the United Arab Emirates (2.8K tonnes), together accounting for 35% of global consumption.
What are the largest producers of jewelry in the world?
+
The countries with the highest volumes of jewelry production in 2020 were China (5K tonnes), India (2.5K tonnes) and Italy (1.6K tonnes), with a combined 36% share of global production. Thailand, Indonesia, Pakistan, Japan, Bangladesh, Mexico, Brazil, Turkey, the U.S. and Ethiopia lagged somewhat behind, together comprising a further 26%.
What are the leading suppliers of jewelry to Azerbaijan?
+
In value terms, Italy ($5.2M) constituted the largest supplier of jewelry to Azerbaijan, comprising 50% of total imports. The second position in the ranking was occupied by the U.S. ($806K), with a 7.7% share of total imports. It was followed by Turkey, with a 6.4% share.
What are the leading importers of jewelry from Azerbaijan?
+
In value terms, Switzerland ($223K) remains the key foreign market for jewelry exports from Azerbaijan, comprising 98% of total exports. The second position in the ranking was occupied by Georgia ($5.5K), with a 2.4% share of total exports.
What is the average export price for jewelry in Azerbaijan?
+
The average jewelry export price stood at $1,887 per kg in 2020, growing by 78% against the previous year.
What is the average import price for jewelry in Azerbaijan?
+
In 2020, the average jewelry import price amounted to $4,226 per kg, rising by 12% against the previous year.

Product coverage:
• Prodcom 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
• Prodcom 32121351 - Articles of goldsmiths
• Prodcom 32121353 - Articles of goldsmiths
• Prodcom 32121355 - Articles of goldsmiths

This report provides an in-depth analysis of the jewelry 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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