Azerbaijan: Imitation Jewellery Market 2022

Imitation Jewellery Market Size in Azerbaijan

The Azerbaijani imitation jewellery market skyrocketed to $X in 2020, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient expansion. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Imitation Jewellery Exports

Exports from Azerbaijan

In 2020, approx. X kg of imitation jewellery were exported from Azerbaijan; with an increase of X% compared with the year before. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, imitation jewellery exports soared to $X in 2020. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Russia (X kg) was the main destination for imitation jewellery exports from Azerbaijan, accounting for a X% share of total exports. Moreover, imitation jewellery exports to Russia exceeded the volume sent to the second major destination, Jordan (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the largest markets for imitation jewellery exported from Azerbaijan were the United Arab Emirates ($X), Russia ($X) and Spain ($X), with a combined X% share of total exports. These countries were followed by Turkey, Jordan, Hong Kong SAR and the UK, which together accounted for a further X the main countries of destination, Jordan (+X% per year) recorded 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

In 2020, the average imitation jewellery export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Azerbaijan

In 2020, the amount of imitation jewellery imported into Azerbaijan skyrocketed to X tons, rising by X% against 2019. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, imitation jewellery imports rose rapidly to $X in 2020. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of imitation jewellery to Azerbaijan, accounting for a X% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (+X% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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