Azerbaijan: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Azerbaijan

In 2022, after six years of growth, there was significant decline in the Azerbaijani stainless steel household articles market, when its value decreased by -16.7% to $X. Over the period under review, consumption, however, posted a resilient increase. Stainless steel household articles consumption peaked at $X in 2021, and then dropped notably in the following year.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Azerbaijan

In 2022, exports of table, kitchen or household articles and parts of stainless steel from Azerbaijan shrank remarkably to X units, declining by -43.1% compared with 2021 figures. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 322% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel household articles exports declined significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 503% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X units), Turkey (X units) and Spain (X units) were the main destinations of stainless steel household articles exports from Azerbaijan, together comprising 55% 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 Spain (with a CAGR of +38.7%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Azerbaijan, comprising 37% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Australia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+31.1% per year) and Australia (+18.8% per year).

Export Prices by Country

In 2022, the average stainless steel household articles export price amounted to $X per unit, with a decrease of -30.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 54%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Turkey ($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 the UK (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Azerbaijan

In 2022, after two years of growth, there was significant decline in purchases abroad of table, kitchen or household articles and parts of stainless steel, when their volume decreased by -28.6% to X units. Overall, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 184%. Imports peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, stainless steel household articles imports shrank to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 242% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Turkey (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of stainless steel household articles imports to Azerbaijan, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +68.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), China ($X) and the United Arab Emirates ($X) constituted the largest stainless steel household articles suppliers to Azerbaijan, together accounting for 91% of total imports.

China, with a CAGR of +80.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, jumping by 21% against the previous year. In general, the import price showed a strong increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($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 (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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