Report Update Nov 1, 2024

Azerbaijan - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Composition Leather Market 2024

Composition Leather Market Size in Azerbaijan

After three years of decline, the Azerbaijani composition leather market increased by 151% to $X in 2021. In general, consumption continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Composition Leather Exports

Exports from Azerbaijan

After two years of growth, overseas shipments of composition leather decreased by -74% to X square meters in 2020. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 38,749% against the previous year. As a result, the exports reached the peak of X square meters, and then fell rapidly in the following year.

In value terms, composition leather exports contracted significantly to $X in 2020. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of 95,800% against the previous year. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

Turkey (X square meters) was the main destination for composition leather exports from Azerbaijan, with a approx. 100% share of total exports.

From 2018 to 2020, the average annual growth rate of volume to Turkey amounted to -74.0%.

In value terms, Turkey ($X) also remains the key foreign market for composition leather exports from Azerbaijan.

From 2018 to 2020, the average annual rate of growth in terms of value to Turkey amounted to -76.5%.

Export Prices by Country

The average composition leather export price stood at $X per square meter in 2020, with a decrease of -9.8% against the previous year. In general, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 147%. As a result, the export price reached the peak level of $X per square meter, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2018 to 2020, the rate of growth in terms of prices for Turkey amounted to -9.8% per year.

Composition Leather Imports

Imports into Azerbaijan

In 2021, imports of composition leather into Azerbaijan surged to X square meters, with an increase of 68% compared with the year before. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 121% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, composition leather imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 40%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Iran (X square meters) constituted the largest supplier of composition leather to Azerbaijan, accounting for a 86% share of total imports. Moreover, composition leather imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), eightfold. The third position in this ranking was taken by Germany (X square meters), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran stood at +91.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+75.1% per year) and Germany (+102.8% per year).

In value terms, Iran ($X) constituted the largest supplier of composition leather to Azerbaijan, comprising 84% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8.7% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Iran totaled +140.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+83.4% per year) and Germany (+57.6% per year).

Import Prices by Country

The average composition leather import price stood at $X per square meter in 2021, waning by -18.1% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The growth pace was the most rapid in 2018 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum at $X per square meter in 2020, and then dropped notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

China constituted the country with the largest volume of composition leather consumption, comprising approx. 21% of total volume. Moreover, composition leather consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. Indonesia ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of composition leather in the world?

The country with the largest volume of composition leather production was China, comprising approx. 22% of total volume. Moreover, composition leather production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. Indonesia ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of composition leather to Azerbaijan?

In value terms, Iran constituted the largest supplier of composition leather to Azerbaijan, comprising 85% of total imports. The second position in the ranking was occupied by Turkey, with a 15% share of total imports.

What are the leading importers of composition leather from Azerbaijan?

In value terms, Turkey remains the key foreign market for composition leather exports from Azerbaijan.

What is the average export price for composition leather in Azerbaijan?

In 2020, the average composition leather export price amounted to $300 per ton, increasing by 40% against the previous year.

What is the average import price for composition leather in Azerbaijan?

In 2020, the average composition leather import price amounted to $3,436 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the composition leather 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 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023