Azerbaijan: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Azerbaijan

The Azerbaijani non-knitted men apparel market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption posted a significant increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Knitted Men Apparel Production in Azerbaijan

In value terms, non-knitted men apparel production rose modestly to $X in 2022 estimated in export price. In general, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 26%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Knitted Men Apparel Exports

Exports from Azerbaijan

In 2022, shipments abroad of men's or boys' clothing (not knitted or crocheted) increased by 131% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 573% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-knitted men apparel exports surged to $X in 2022. Overall, exports saw a noticeable expansion. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for non-knitted men apparel exports from Azerbaijan, with a 96% share of total exports. It was followed by Russia (X units), with a 2.9% share of total exports. Georgia (X units) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +178.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+21.0% per year) and Georgia (-29.7% per year).

In value terms, Turkey ($X) emerged as the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Azerbaijan, comprising 90% of total exports. The second position in the ranking was held by Georgia ($X), with a 2.7% share of total exports. It was followed by Russia, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +154.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-28.6% per year) and Russia (+9.3% per year).

Export Prices by Country

In 2022, the average non-knitted men apparel export price amounted to $X per unit, jumping by 171% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Russia ($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 Iraq (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Knitted Men Apparel Imports

Imports into Azerbaijan

After three years of decline, overseas purchases of men's or boys' clothing (not knitted or crocheted) increased by 76% to X units in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 626%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-knitted men apparel imports surged to $X in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 314% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), China (X units) and Bangladesh (X units) were the main suppliers of non-knitted men apparel imports to Azerbaijan, together accounting for 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of +117.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of men's or boys' clothing (not knitted or crocheted) to Azerbaijan, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Bangladesh, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.4% per year) and Bangladesh (+113.4% per year).

Import Prices by Country

The average non-knitted men apparel import price stood at $X per unit in 2022, dropping by -33% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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