Azerbaijan: Men Knitwear Market 2025

Men Knitwear Market Size in Azerbaijan

In 2022, the Azerbaijani men knitwear market increased by 17% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Men Knitwear Production in Azerbaijan

In value terms, men knitwear production stood at $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 53%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports from Azerbaijan

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were exported from Azerbaijan; jumping by 15% on 2021 figures. In general, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 78,586%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, men knitwear exports skyrocketed to $X in 2022. Overall, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2019 when exports increased by 3,588%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X units) was the main destination for men knitwear exports from Azerbaijan, accounting for a 83% share of total exports. Moreover, men knitwear exports to Georgia exceeded the volume sent to the second major destination, Russia (X units), sevenfold. Ukraine (X units) ranked third in terms of total exports with a 2.7% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +221.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-49.6% per year) and Ukraine (0.0% per year).

In value terms, Georgia ($X), Russia ($X) and Ukraine ($X) appeared to be the largest markets for men knitwear exported from Azerbaijan worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, Georgia, with a CAGR of +144.9%, 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 men knitwear export price amounted to $X per unit, picking up by 48% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 2,402% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Azerbaijan

In 2022, purchases abroad of men's or boys' clothing (knitted or crocheted) increased by 16% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 4,595% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, men knitwear imports soared to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 4,600%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest men knitwear supplier to Azerbaijan, accounting for a 73% share of total imports. Moreover, men knitwear imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +74.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+65.0% per year) and Uzbekistan (-18.6% per year).

In value terms, China ($X), Turkey ($X) and Uzbekistan ($X) were the largest men knitwear suppliers to Azerbaijan, with a combined 86% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +63.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, surging by 8% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average 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 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 Turkey (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :