Azerbaijan: Brassiere Market 2024

Brassiere Market Size in Azerbaijan

After two years of decline, the Azerbaijani brassiere market increased by 11% to $X in 2021. Over the period under review, consumption, however, showed a slight decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Brassiere Production in Azerbaijan

In value terms, brassiere production reduced to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 35% against the previous year. Brassiere production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Brassiere Exports

Exports from Azerbaijan

In 2021, approx. X units of brassieres of textile materials, whether or not elasticated were exported from Azerbaijan; increasing by 20% against the year before. Overall, exports enjoyed a tangible increase. The pace of growth was the most pronounced in 2018 when exports increased by 119% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, brassiere exports soared to $X in 2021. In general, exports saw a temperate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 112% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Croatia (X units) was the main destination for brassiere exports from Azerbaijan, with a 47% share of total exports. Moreover, brassiere exports to Croatia exceeded the volume sent to the second major destination, the Netherlands (X units), tenfold.

From 2016 to 2021, the average annual rate of growth in terms of volume to Croatia totaled +369.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+121.2% per year) and Georgia (-57.3% per year).

In value terms, Croatia ($X) remains the key foreign market for brassieres of textile materials, whether or not elasticated exports from Azerbaijan, comprising 48% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.9% share of total exports.

From 2016 to 2021, the average annual growth rate of value to Croatia stood at +267.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+69.3% per year) and Georgia (-61.8% per year).

Export Prices by Country

In 2021, the average brassiere export price amounted to $X per unit, surging by 5.7% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 23%. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-10.4%), while the prices for the other major destinations experienced a decline.

Brassiere Imports

Imports into Azerbaijan

In 2021, approx. X units of brassieres of textile materials, whether or not elasticated were imported into Azerbaijan; jumping by 57% against the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,018% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, brassiere imports surged to $X in 2021. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 1,052% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest brassiere supplier to Azerbaijan, accounting for a 75% share of total imports. Moreover, brassiere imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +103.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+215.5% per year) and the United Arab Emirates (-49.4% per year).

In value terms, the largest brassiere suppliers to Azerbaijan were China ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 79% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +247.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average brassiere import price stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 0.1%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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