Azerbaijan: Market for Silk Shawls And Scarves 2023

Market Size for Silk Shawls And Scarves in Azerbaijan

In 2022, the Azerbaijani silk shawl and scarf market increased by 7.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed significant growth. Silk shawl and scarf consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in Azerbaijan

In value terms, silk shawl and scarf production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 272% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Silk Shawls And Scarves

Exports from Azerbaijan

In 2022, approx. X units of silk shawls and scarves were exported from Azerbaijan; with a decrease of -41.8% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 3,238%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, silk shawl and scarf exports surged to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 2,714%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for silk shawl and scarf exports from Azerbaijan, with a 62% share of total exports. Moreover, silk shawl and scarf exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X units), twofold.

From 2013 to 2022, the average annual growth rate of volume to the Netherlands amounted to +270.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+41.7% per year) and Georgia (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for silk shawls and scarves exports from Azerbaijan, comprising 66% of total exports. The second position in the ranking was held by Spain ($X), with a 31% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +802.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+66.8% per year) and Georgia (0.0% per year).

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2022, picking up by 159% against the previous year. Overall, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 245%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+143.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silk Shawls And Scarves

Imports into Azerbaijan

In 2022, the amount of silk shawls and scarves imported into Azerbaijan surged to X units, picking up by 199% against the year before. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 906% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, silk shawl and scarf imports soared to $X in 2022. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 808%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and Italy (X units) were the main suppliers of silk shawl and scarf imports to Azerbaijan, together comprising 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +101.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of silk shawls and scarves to Azerbaijan, comprising 65% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+43.6% per year) and China (+40.1% per year).

Import Prices by Country

In 2022, the average silk shawl and scarf import price amounted to $X per unit, falling by -51.4% against the previous year. Overall, the import price showed a deep slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-14.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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