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

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

In 2022, the Azerbaijani wooden frame non-upholstered seat market increased by 2.8% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.2% against 2020 indices. Wooden frame non-upholstered seat consumption peaked in 2022 and is likely to continue growth in the near future.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Azerbaijan

In 2022, the amount of non-upholstered seats with wooden frames exported from Azerbaijan dropped sharply to X units, waning by -30.7% compared with the year before. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 5,605%. Over the period under review, the exports hit record highs at X units in 2021, and then fell significantly in the following year.

In value terms, wooden frame non-upholstered seat exports shrank markedly to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 6,381%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for wooden frame non-upholstered seat exports from Azerbaijan, with a 90% share of total exports. Moreover, wooden frame non-upholstered seat exports to Kazakhstan exceeded the volume sent to the second major destination, Georgia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+77.6% per year) and Russia (-15.3% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Azerbaijan, comprising 87% of total exports. The second position in the ranking was held by Georgia ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan amounted to +51.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+72.3% per year) and Russia (-21.3% per year).

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, waning by -4.2% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 636%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kazakhstan ($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 Kazakhstan (+14.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Azerbaijan

In 2022, the amount of non-upholstered seats with wooden frames imported into Azerbaijan reached X units, picking up by 3.3% compared with 2021 figures. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 69%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, wooden frame non-upholstered seat imports reduced to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 86%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest wooden frame non-upholstered seat supplier to Azerbaijan, with a 82% share of total imports. Moreover, wooden frame non-upholstered seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+74.3% per year) and China (+8.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Azerbaijan, comprising 79% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.4% share of total imports. It was followed by Iran, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+25.6% per year) and Iran (+11.2% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, waning by -16.3% against the previous year. Overall, the import price faced a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 26% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Russia ($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 (+14.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :