Azerbaijan: Woven Carpet Market 2024

Woven Carpet Market Size in Azerbaijan

The Azerbaijani woven carpet market shrank to $X in 2022, declining by X% against the previous year. In general, consumption, however, enjoyed a significant expansion. Woven carpet consumption peaked at $X in 2021, and then declined in the following year.

Woven Carpet Production in Azerbaijan

In value terms, woven carpet production dropped modestly to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Woven Carpet Exports

Exports from Azerbaijan

After two years of growth, overseas shipments of woven carpets and other woven textile coverings decreased by X% to X square meters in 2022. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, woven carpet exports reduced notably to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The UK (X square meters), China (X square meters) and Turkey (X square meters) were the main destinations of woven carpet exports from Azerbaijan, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for woven carpets and other woven textile coverings exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

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

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, growing by X% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood 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 Brunei Darussalam ($X per square meter), while the average price for exports to Russia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Azerbaijan

In 2022, imports of woven carpets and other woven textile coverings into Azerbaijan declined to X square meters, waning by X% compared with 2021 figures. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X square meters in 2021, and then shrank in the following year.

In value terms, woven carpet imports reduced to $X in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

Uzbekistan (X square meters), Turkey (X square meters) and Georgia (X square meters) were the main suppliers of woven carpet imports to Azerbaijan, with a combined X% share of total imports.

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

In value terms, Turkey ($X), Uzbekistan ($X) and Georgia ($X) constituted the largest woven carpet suppliers to Azerbaijan, together accounting for X% of total imports.

In terms of the main suppliers, Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woven carpet import price stood at $X per square meter in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per square meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Uzbekistan ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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