Azerbaijan: Wooden Frame Market 2024

Wooden Frame Market Size in Azerbaijan

The Azerbaijani wooden frame market soared to $X in 2022, surging by X% 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, however, posted a significant increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Frame Exports

Exports from Azerbaijan

For the third year in a row, Azerbaijan recorded growth in shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects, which increased by X% to X units in 2022. Overall, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden frame exports surged to $X in 2022. In general, exports showed pronounced growth. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for wooden frame exports from Azerbaijan, accounting for a X% share of total exports. Moreover, wooden frame exports to the UK exceeded the volume sent to the second major destination, Germany (X units), threefold.

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

In value terms, Germany ($X) emerged as the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average wooden frame export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X%. 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 lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Frame Imports

Imports into Azerbaijan

In 2022, supplies from abroad of wooden frames for paintings, photographs, mirrors or similar objects decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame imports surged to $X in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame to Azerbaijan, accounting for a X% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, jumping by X% against the previous year. In general, the import price saw buoyant growth. The growth pace was the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 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 Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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