Azerbaijan: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in Azerbaijan

After three years of decline, the Azerbaijani silk shawl and scarf market increased by X% to $X in 2021. Overall, consumption, however, showed a noticeable contraction. Silk shawl and scarf consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Silk Shawls And Scarves in Azerbaijan

In value terms, silk shawl and scarf production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Silk Shawls And Scarves

Exports from Azerbaijan

In 2021, silk shawl and scarf exports from Azerbaijan skyrocketed to X units, with an increase of X% on the previous year. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silk shawl and scarf exports surged to $X in 2021. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for silk shawl and scarf exports from Azerbaijan, accounting for a X% share of total exports. Moreover, silk shawl and scarf exports to Russia exceeded the volume sent to the second major destination, China (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +X%.

In value terms, Russia ($X) remains the key foreign market for silk shawl and scarf exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +X%.

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2021, with a decrease of -X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%).

Imports of Silk Shawls And Scarves

Imports into Azerbaijan

In 2021, purchases abroad of silk shawls and scarves decreased by -X% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, silk shawl and scarf imports expanded rapidly to $X in 2021. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and India (X units) were the main suppliers of silk shawl and scarf imports to Azerbaijan, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of silk shawl and scarf to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (-X% per year).

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2021, jumping by X% against the previous year. Overall, the import price recorded a significant increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform