Azerbaijan: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Azerbaijan

After three years of growth, the Azerbaijani industrial sewing machines (non-automatic) market decreased by -30.5% to $X in 2022. Over the period under review, consumption, however, enjoyed a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced rapidly in the following year.

Production of Industrial Sewing Machines (Non-Automatic) in Azerbaijan

In value terms, industrial sewing machines (non-automatic) production fell to $X in 2022 estimated in export price. In general, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Industrial sewing machines (non-automatic) production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Azerbaijan

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported from Azerbaijan; reducing by -45.5% compared with 2021. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 313%. As a result, the exports reached the peak of X units, and then declined notably in the following year.

In value terms, industrial sewing machines (non-automatic) exports contracted remarkably to $X in 2022. Over the period under review, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 690%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Georgia (X units) was the main destination for industrial sewing machines (non-automatic) exports from Azerbaijan, accounting for a 72% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Georgia exceeded the volume sent to the second major destination, Turkey (X units), sevenfold. The third position in this ranking was held by Russia (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+26.0% per year) and Russia (-17.7% per year).

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Azerbaijan were Georgia ($X), Iran ($X) and Russia ($X), with a combined 96% share of total exports. Turkey and Hong Kong SAR lagged somewhat behind, together comprising a further 4%.

In terms of the main countries of destination, Turkey, with a CAGR of +97.3%, recorded the highest growth rate of 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 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, falling by -32.9% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 an increase of 238% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+56.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Azerbaijan

In 2022, overseas purchases of industrial sewing machines (non-automatic) decreased by -31.9% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 9,521% against the previous year. Imports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, industrial sewing machines (non-automatic) imports rose rapidly to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 4,339% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of industrial sewing machines (non-automatic) to Azerbaijan, with a 95% share of total imports. It was followed by Japan (X units), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.4% per year) and Turkey (+0.5% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Azerbaijan, comprising 80% of total imports. The second position in the ranking was taken by Turkey ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.2% per year) and Japan (+29.0% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, increasing by 65% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 197% 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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