Azerbaijan: Skates Market 2024

Skates Market Size in Azerbaijan

The Azerbaijani skates market surged to $X in 2021, picking up by 42% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.3% against 2019 indices. Skates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Skates Production in Azerbaijan

In value terms, skates production soared to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 79%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Skates Exports

Exports from Azerbaijan

In 2021, overseas shipments of ice skates and roller skates increased by 80% to X kg, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 800%. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, skates exports soared to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 1,200%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X kg) was the main destination for skates exports from Azerbaijan, with a 72% share of total exports. Moreover, skates exports to Hungary exceeded the volume sent to the second major destination, the UK (X kg), fourfold. The third position in this ranking was taken by Georgia (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.1% per year) and Georgia (-27.5% per year).

In value terms, Hungary ($X) emerged as the key foreign market for ice skates and roller skates exports from Azerbaijan, comprising 73% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Ukraine, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.8% per year) and Ukraine (0.0% per year).

Export Prices by Country

The average skates export price stood at $X per ton in 2021, dropping by -5.3% against the previous year. In general, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2019 an increase of 46%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.4%).

Skates Imports

Imports into Azerbaijan

In 2021, supplies from abroad of ice skates and roller skates increased by 90% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 750%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, skates imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 571%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest skates supplier to Azerbaijan, accounting for a 86% share of total imports. It was followed by Germany (X tons), with a 1.8% share of total imports. The third position in this ranking was taken by Italy (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +54.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+60.7% per year) and Italy (+4.7% per year).

In value terms, China ($X) constituted the largest supplier of ice skates and roller skates to Azerbaijan, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.7% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +62.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+53.3% per year) and Italy (+2.0% per year).

Import Prices by Country

The average skates import price stood at $X per ton in 2021, with an increase of 4.1% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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