Azerbaijan: Tufted Carpet Market 2025

Tufted Carpet Market Size in Azerbaijan

The Azerbaijani tufted carpet market dropped dramatically to $X in 2022, waning by -75.6% 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). Overall, consumption saw a slight decrease. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Tufted Carpet Exports

Exports from Azerbaijan

After two years of decline, overseas shipments of tufted carpets and other tufted textile floor coverings increased by 32% to X square meters in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,288%. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted carpet exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 2,250%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X square meters) was the main destination for tufted carpet exports from Azerbaijan, accounting for a 98% share of total exports. It was followed by the United Arab Emirates (X square meters), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia stood at +153.3%.

In value terms, Georgia ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Azerbaijan, comprising 69% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia totaled +107.2%.

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, growing by 7.1% against the previous year. In general, the export price, however, faced a sharp contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 69% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Georgia totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+82.3%).

Tufted Carpet Imports

Imports into Azerbaijan

Tufted carpet imports into Azerbaijan fell significantly to X square meters in 2022, reducing by -68.1% compared with the previous year's figure. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 123% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, tufted carpet imports plummeted to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 65% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest supplier of tufted carpet to Azerbaijan, with a 48% share of total imports. Moreover, tufted carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Uzbekistan (X square meters), threefold. The third position in this ranking was held by China (X square meters), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+14.8% per year) and China (+14.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Azerbaijan, comprising 44% of total imports. The second position in the ranking was held by Iran ($X), with a 15% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+13.9% per year) and China (+7.0% per year).

Import Prices by Country

In 2022, the average tufted carpet import price amounted to $X per square meter, declining by -8.6% against the previous year. In general, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2014 when the average import price increased by 63%. The import price peaked at $X per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per square meter), while the price for Uzbekistan ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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