Azerbaijan: Waterproof Footwear Market 2024

Waterproof Footwear Market Size in Azerbaijan

The Azerbaijani waterproof footwear market was finally on the rise to reach $X in 2022, after five years of decline. Over the period under review, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Waterproof Footwear Exports

Exports from Azerbaijan

In 2022, after two years of decline, there was significant growth in shipments abroad of waterproof footwear, when their volume increased by 779% to X pairs. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2018 with an increase of 4,100% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, waterproof footwear exports expanded sharply to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 5,416%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia (X pairs) was the main destination for waterproof footwear exports from Azerbaijan, with a 81% share of total exports. Moreover, waterproof footwear exports to Georgia exceeded the volume sent to the second major destination, Russia (X pairs), sixfold. The third position in this ranking was taken by Qatar (X pairs), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +92.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.5% per year) and Qatar (+275.6% per year).

In value terms, Georgia ($X), Russia ($X) and Qatar ($X) constituted the largest markets for waterproof footwear exported from Azerbaijan worldwide, together comprising 89% of total exports.

Among the main countries of destination, Qatar, with a CAGR of +86.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average waterproof footwear export price stood at $X per pair in 2022, shrinking by -87.5% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2013 an increase of 218% against the previous year. Over the period under review, the average export prices attained the maximum at $X per pair in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-11.4%), while the prices for the other major destinations experienced a decline.

Waterproof Footwear Imports

Imports into Azerbaijan

After five years of decline, overseas purchases of waterproof footwear increased by 12% to X pairs in 2022. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of 217% against the previous year. Over the period under review, imports reached the maximum at X pairs in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, waterproof footwear imports skyrocketed to $X in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 200% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iran (X pairs) constituted the largest waterproof footwear supplier to Azerbaijan, with a 72% share of total imports. Moreover, waterproof footwear imports from Iran exceeded the figures recorded by the second-largest supplier, Uzbekistan (X pairs), fourfold. China (X pairs) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Iran stood at +182.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (-0.7% per year) and China (+22.5% per year).

In value terms, Iran ($X) constituted the largest supplier of waterproof footwear to Azerbaijan, comprising 52% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran amounted to +200.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.5% per year) and China (+35.6% per year).

Import Prices by Country

In 2022, the average waterproof footwear import price amounted to $X per pair, increasing by 35% against the previous year. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 96%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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