Azerbaijan: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Azerbaijan

The Azerbaijani metal frame non-upholstered seat market rose modestly to $X in 2021, picking up by 2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed resilient growth. Metal frame non-upholstered seat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Azerbaijan

In 2021, shipments abroad of non-upholstered seats with metal frames increased by 9,200% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a deep downturn. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. Over the period under review, exports, however, saw a deep downturn. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X units), Russia (X units) and the United Arab Emirates (X units) were the main destinations of metal frame non-upholstered seat exports from Azerbaijan, with a combined 98% share of total exports.

From 2013 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +4,400.0%), while shipments for the other leaders experienced a decline.

In value terms, Russia ($X), Uzbekistan ($X) and the United Arab Emirates ($X) were the largest markets for metal frame non-upholstered seat exported from Azerbaijan worldwide, together accounting for 37% of total exports.

Uzbekistan, with a CAGR of +11,616.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average metal frame non-upholstered seat export price stood at $X per unit in 2021, increasing by 312% against the previous year. Overall, the export price posted prominent growth. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+127.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Azerbaijan

In 2021, overseas purchases of non-upholstered seats with metal frames decreased by -0.5% to X units, falling for the second consecutive year after five years of growth. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 113%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal frame non-upholstered seat imports stood at $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 96%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest metal frame non-upholstered seat supplier to Azerbaijan, with a 66% share of total imports. Moreover, metal frame non-upholstered seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X units), more than tenfold. Bulgaria (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+38.7% per year) and Bulgaria (+130.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of non-upholstered seats with metal frames to Azerbaijan, comprising 41% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 5.9% share of total imports. It was followed by Vietnam, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+103.2% per year) and Vietnam (+63.8% per year).

Import Prices by Country

The average metal frame non-upholstered seat import price stood at $X per unit in 2021, with an increase of 12% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 45%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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