Azerbaijan: Personal Spectacle Optics Market 2025

Personal Spectacle Optics Market Size in Azerbaijan

The Azerbaijani personal spectacle optics market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption showed significant growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Personal Spectacle Optics Exports

Exports from Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in overseas shipments of personal spectacle optics, which increased by X% to X units in 2022. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, personal spectacle optics exports reached $X in 2022. Overall, exports saw strong growth. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan (X units), Turkmenistan (X units) and Georgia (X units) were the main destinations of personal spectacle optics exports from Azerbaijan, with a combined X% share of total exports. The UK, Turkey and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Uzbekistan ($X), Georgia ($X) and Turkmenistan ($X) constituted the largest markets for personal spectacle optics exported from Azerbaijan worldwide, together comprising X% of total exports. Turkey, Russia and the UK lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The average personal spectacle optics export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Russia ($X per unit), while the average price for exports to Turkmenistan ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Spectacle Optics Imports

Imports into Azerbaijan

Personal spectacle optics imports into Azerbaijan rose remarkably to X units in 2022, with an increase of X% on the previous year. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, personal spectacle optics imports skyrocketed to $X in 2022. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main personal spectacle optics supplier to Azerbaijan, with a X% share of total imports. Moreover, personal spectacle optics imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of personal spectacle optics to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average personal spectacle optics import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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