Azerbaijan: Curtains Market 2024

Curtains Market Size in Azerbaijan

In 2022, the Azerbaijani curtains market increased by 11% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a prominent increase. Curtains consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Curtains Production in Azerbaijan

In value terms, curtains production reached $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 8.6% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Curtains Exports

Exports from Azerbaijan

In 2022, the amount of curtains and interior blinds exported from Azerbaijan declined significantly to X square meters, waning by -71.9% compared with the year before. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2015 with an increase of 1,500% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, curtains exports dropped notably to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 2,646% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X square meters), Switzerland (X square meters) and Turkey (X square meters) were the main destinations of curtains exports from Azerbaijan, together comprising 82% of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +47.0%), while shipments for the other leaders experienced a decline.

In value terms, Russia ($X), Switzerland ($X) and Turkey ($X) were the largest markets for curtains exported from Azerbaijan worldwide, with a combined 86% share of total exports.

Switzerland, with a CAGR of +41.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average curtains export price amounted to $X per square meter, waning by -19.3% against the previous year. Overall, the export price, however, enjoyed a measured increase. The growth pace was the most rapid in 2018 an increase of 79%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Georgia ($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 Turkey (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Azerbaijan

In 2022, overseas purchases of curtains and interior blinds increased by 15% to X square meters, rising for the second consecutive year after two years of decline. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 198% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, curtains imports expanded notably to $X in 2022. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 163%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X square meters) was the main supplier of curtains to Azerbaijan, with a 90% share of total imports. Moreover, curtains imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and Iran (+7.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of curtains and interior blinds to Azerbaijan, comprising 92% of total imports. The second position in the ranking was taken by China ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +55.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.0% per year) and Iran (+6.2% per year).

Import Prices by Country

The average curtains import price stood at $X per square meter in 2022, declining by -5.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2020; however, from 2021 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 ($X per square meter), while the price for Iran ($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 the United Arab Emirates (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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