Azerbaijan: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Azerbaijan

The Azerbaijani market for mattresses other than of cellular rubber or plastics soared to $X in 2022, jumping by 38% 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). In general, consumption showed a resilient increase. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Azerbaijan

In 2022, after two years of growth, there was significant decline in overseas shipments of mattresses other than of cellular rubber or plastics, when their volume decreased by -79.8% to X units. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 636%. Over the period under review, the exports of attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics dropped dramatically to $X in 2022. In general, exports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of 900%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Azerbaijan, accounting for a 35% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to the United States exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. Turkey (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-31.9% per year) and Turkey (+34.9% per year).

In value terms, the largest markets for mattresses other than of cellular rubber or plastics exported from Azerbaijan were the UK ($X), the United States ($X) and Turkey ($X), together accounting for 54% of total exports. Kazakhstan, France, Trinidad and Tobago, Pakistan, Poland, Australia, the United Arab Emirates, the Netherlands, Georgia and Iran lagged somewhat behind, together comprising a further 37%.

In terms of the main countries of destination, Pakistan, with a CAGR of +84.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with an increase of 1.6% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 133% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Iran ($X 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 Pakistan (+50.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Azerbaijan

In 2022, approx. X units of mattresses other than of cellular rubber or plastics were imported into Azerbaijan; jumping by 25% on the year before. Overall, imports enjoyed moderate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 120%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of mattresses other than of cellular rubber or plastics surged to $X in 2022. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 101%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Azerbaijan, with a 52% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Russia (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+70.8% per year) and Russia (+15.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Azerbaijan, comprising 79% of total imports. The second position in the ranking was taken by Russia ($X), with a 6.4% share of total imports. It was followed by France, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+22.1% per year) and France (+122.8% per year).

Import Prices by Country

In 2022, the average import price for mattresses other than of cellular rubber or plastics amounted to $X per unit, picking up by 14% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mattresses other than of cellular rubber or plastics increased by +32.6% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 137% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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