Azerbaijan: Carpet Market 2024

Carpet Market Size in Azerbaijan

The Azerbaijani carpet market shrank rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Carpet Production in Azerbaijan

In value terms, carpet production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Carpet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Carpet Exports

Exports from Azerbaijan

In 2022, shipments abroad of carpets and other textile floor coverings decreased by X% to X square meters, falling for the third year in a row after three years of growth. Overall, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, carpet exports fell sharply to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X square meters), Malaysia (X square meters) and Georgia (X square meters) were the main destinations of carpet exports from Azerbaijan, with a combined X% share of total exports. China, Turkey, the United Arab Emirates, Singapore, Russia, Saudi Arabia, Germany, Canada and the United States lagged somewhat behind, together comprising a further X%.

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 ($X) emerged as the key foreign market for carpets and other textile floor coverings exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Saudi Arabia, 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: Germany (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, rising by X% against the previous year. Overall, the export price saw a measured expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Georgia ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Azerbaijan

In 2022, approx. X square meters of carpets and other textile floor coverings were imported into Azerbaijan; reducing by X% compared with 2021 figures. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X square meters in 2021, and then dropped sharply in the following year.

In value terms, carpet imports dropped markedly to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped notably 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 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 Uzbekistan (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) appeared to be the largest carpet suppliers to Azerbaijan, together comprising X% of total imports.

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

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, waning by X% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carpet import price decreased by X% against 2016 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per square meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per square meter), while the price for Uzbekistan ($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 Iran (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :