Azerbaijan - Brooms and Brushes of Twigs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAzerbaijan: Twig Broom Market 2024
Twig Broom Market Size in Azerbaijan
For the third consecutive year, the Azerbaijani twig broom market recorded growth in sales value, which increased by 16% to $X in 2021. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.8% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.
Twig Broom Production in Azerbaijan
In value terms, twig broom production stood at $X in 2021 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 48% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.
Twig Broom Exports
Exports from Azerbaijan
In 2021, overseas shipments of brooms and brushes of twigs increased by 2.1% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, faced a dramatic decline. The growth pace was the most rapid in 2016 with an increase of 28%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
In value terms, twig broom exports expanded slightly to $X in 2021. Over the period under review, exports, however, faced a sharp setback. The pace of growth appeared the most rapid in 2017 when exports increased by 19% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Georgia (X units) was the main destination for twig broom exports from Azerbaijan, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Georgia totaled -31.4%.
In value terms, Georgia ($X) also remains the key foreign market for brooms and brushes of twigs exports from Azerbaijan.
From 2012 to 2021, the average annual growth rate of value to Georgia amounted to -23.7%.
Export Prices by Country
In 2021, the average twig broom export price amounted to $X per unit, growing by 1.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Georgia.
From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to +11.2% per year.
Twig Broom Imports
Imports into Azerbaijan
In 2021, the amount of brooms and brushes of twigs imported into Azerbaijan shrank markedly to X units, with a decrease of -16.3% compared with the previous year's figure. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 4,138%. Imports peaked at X units in 2020, and then declined dramatically in the following year.
In value terms, twig broom imports shrank to $X in 2021. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 4,267% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.
Imports by Country
In 2021, Uzbekistan (X units) constituted the largest twig broom supplier to Azerbaijan, with a 89% share of total imports. Moreover, twig broom imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. Iran (X units) ranked third in terms of total imports with a 2.7% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Uzbekistan totaled +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+108.9% per year) and Iran (+106.5% per year).
In value terms, Uzbekistan ($X) constituted the largest supplier of brooms and brushes of twigs to Azerbaijan, comprising 89% of total imports. The second position in the ranking was held by China ($X), with a 7.9% share of total imports. It was followed by Iran, with a 1.3% share.
From 2012 to 2021, the average annual growth rate of value from Uzbekistan totaled +59.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+80.5% per year) and Iran (+134.5% per year).
Import Prices by Country
The average twig broom import price stood at $X per unit in 2021, growing by 2.4% against the previous year. In general, the import price continues to indicate a notable increase. The growth pace was the most rapid in 2013 when the average import price increased by 1,935% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the twig broom market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32911110 - Brooms and brushes of twigs or other vegetable materials, b ound together
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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