Azerbaijan: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Azerbaijan

The Azerbaijani metal office furniture market dropped to $X in 2022, with a decrease of -13.2% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production in Azerbaijan

In value terms, metal office furniture production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 59% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Azerbaijan

In 2022, overseas shipments of metal office furniture increased by 69% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 1,875% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal office furniture exports surged to $X in 2022. In general, exports enjoyed notable growth. The pace of growth appeared the most rapid in 2015 when exports increased by 2,500%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons), Georgia (X tons) and Belarus (X kg) were the main destinations of metal office furniture exports from Azerbaijan, together comprising 77% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +22.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) emerged as the key foreign market for metal office furniture exports from Azerbaijan, comprising 37% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Georgia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+23.4% per year) and Georgia (-14.7% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, surging by 93% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 408%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+329.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Azerbaijan

Metal office furniture imports into Azerbaijan soared to X tons in 2022, increasing by 29% against the year before. In general, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 161%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2014 with an increase of 145%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of metal office furniture to Azerbaijan, accounting for a 63% share of total imports. Moreover, metal office furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.1% per year) and the United Arab Emirates (-16.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of metal office furniture to Azerbaijan, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Italy (-5.1% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, increasing by 2.7% against the previous year. Over the period under review, the import price recorded a mild expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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