Report Update Nov 1, 2024

Azerbaijan - Imitation Jewelry - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Imitation Jewellery Market 2024

Imitation Jewellery Market Size in Azerbaijan

In 2021, the Azerbaijani imitation jewellery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a buoyant expansion. Imitation jewellery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Imitation Jewellery Exports

Exports from Azerbaijan

Imitation jewellery exports from Azerbaijan surged to X kg in 2021, jumping by 178% against 2020. Over the period under review, exports saw resilient growth. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, imitation jewellery exports soared to $X in 2021. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X kg) was the main destination for imitation jewellery exports from Azerbaijan, accounting for a 90% share of total exports. Moreover, imitation jewellery exports to Russia exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +190.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+226.6% per year) and Spain (-5.6% per year).

In value terms, Russia ($X) remains the key foreign market for imitation jewellery exports from Azerbaijan, comprising 62% of total exports. The second position in the ranking was held by Spain ($X), with a 13% share of total exports. It was followed by Turkey, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +216.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+33.3% per year) and Turkey (+139.8% per year).

Export Prices by Country

The average imitation jewellery export price stood at $X per ton in 2021, declining by -12.3% against the previous year. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 391%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Russia ($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 Georgia (+102.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imitation Jewellery Imports

Imports into Azerbaijan

After two years of decline, supplies from abroad of imitation jewelry increased by 28% to X tons in 2021. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 265%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imitation jewellery imports totaled $X in 2021. Overall, imports showed modest growth. The most prominent rate of growth was recorded in 2016 when imports increased by 301%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest imitation jewellery supplier to Azerbaijan, accounting for a 66% share of total imports. Moreover, imitation jewellery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.6% per year) and Austria (-43.7% per year).

In value terms, China ($X) constituted the largest supplier of imitation jewellery to Azerbaijan, comprising 53% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+19.9% per year) and Austria (-20.5% per year).

Import Prices by Country

The average imitation jewellery import price stood at $X per ton in 2021, falling by -20.2% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+41.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for imitation jewelry in the world?

The United States constituted the country with the largest volume of imitation jewellery consumption, comprising approx. 57% of total volume. Moreover, imitation jewellery consumption in the United States exceeded the figures recorded by the second-largest consumer, China, threefold.

What are the largest producers of imitation jewelry in the world?

The countries with the highest volumes of in 2021 were the United States, China and Italy, with a combined 98% share of global production.

What are the leading suppliers of imitation jewelry to Azerbaijan?

In value terms, the largest imitation jewellery suppliers to Azerbaijan were China, Austria and Turkey, with a combined 77% share of total imports.

What are the leading importers of imitation jewelry from Azerbaijan?

In value terms, Austria emerged as the key foreign market for imitation jewellery exports from Azerbaijan, comprising 60% of total exports. The second position in the ranking was occupied by Spain, with a 5% share of total exports. It was followed by Georgia, with a 4.7% share.

What is the average export price for imitation jewelry in Azerbaijan?

In 2021, the average imitation jewellery export price amounted to $29,236 per ton, growing by 67% against the previous year.

What is the average import price for imitation jewelry in Azerbaijan?

The average imitation jewellery import price stood at $18,480 per ton in 2021, falling by -16% against the previous year.

This report provides an in-depth analysis of the imitation jewellery 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 32131000 - Imitation jewellery and related articles

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