Azerbaijan: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Azerbaijan

In 2022, after five years of growth, there was significant decline in the Azerbaijani industrial automatic sewing machine market, when its value decreased by -31.7% to $X. In general, consumption, however, enjoyed significant growth. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped sharply in the following year.

Production of Industrial Automatic Sewing Machines in Azerbaijan

In value terms, industrial automatic sewing machine production stood at $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -0.2% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Industrial Automatic Sewing Machines

Exports from Azerbaijan

In 2022, overseas shipments of industrial automatic sewing machines increased by 483% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial automatic sewing machine exports stood at $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 133%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Georgia (X units) was the main destination for industrial automatic sewing machine exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +42.7%.

In value terms, Georgia ($X) also remains the key foreign market for industrial automatic sewing machines exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled +60.0%.

Export Prices by Country

In 2022, the average industrial automatic sewing machine export price amounted to $X per unit, shrinking by -82.8% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 133%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +16.3% per year.

Imports of Industrial Automatic Sewing Machines

Imports into Azerbaijan

In 2022, after five years of growth, there was significant decline in overseas purchases of industrial automatic sewing machines, when their volume decreased by -32.5% to X units. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 1,061% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped sharply in the following year.

In value terms, industrial automatic sewing machine imports declined to $X in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 1,304%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial automatic sewing machine supplier to Azerbaijan, accounting for a 71% share of total imports. Moreover, industrial automatic sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +99.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+72.2% per year) and Vietnam (+626.1% per year).

In value terms, China ($X) constituted the largest supplier of industrial automatic sewing machines to Azerbaijan, comprising 71% of total imports. The second position in the ranking was held by Turkey ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +94.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+100.1% per year) and Vietnam (+682.2% per year).

Import Prices by Country

The average industrial automatic sewing machine import price stood at $X per unit in 2022, rising by 29% against the previous year. In general, the import price saw a tangible increase. The growth pace was the most rapid in 2013 an increase of 353% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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