Report Update Nov 1, 2024

Azerbaijan - Watch Straps, Bands and Bracelets - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Bracelet Market 2024

Bracelet Market Size in Azerbaijan

The Azerbaijani bracelet market surged to $X in 2022, increasing by 1,878% against the previous year. In general, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bracelet Production in Azerbaijan

In value terms, bracelet production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Bracelet Exports

Exports from Azerbaijan

After two years of growth, overseas shipments of watch straps, bands and bracelets decreased by -99.5% to X units in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 70,071%. As a result, the exports reached the peak of X units, and then declined sharply in the following year.

In value terms, bracelet exports contracted remarkably to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 13,126% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for bracelet exports from Azerbaijan, with a 80% share of total exports. Moreover, bracelet exports to Kazakhstan exceeded the volume sent to the second major destination, the Czech Republic (X units), fourfold.

From 2020 to 2022, the average annual rate of growth in terms of volume to Kazakhstan was relatively modest.

In value terms, Kazakhstan ($X) emerged as the key foreign market for watch straps, bands and bracelets exports from Azerbaijan, comprising 92% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.9% share of total exports.

From 2020 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest.

Export Prices by Country

In 2022, the average bracelet export price amounted to $X per unit, picking up by 1,195% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to the Czech Republic amounted to $X per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+37.8%).

Bracelet Imports

Imports into Azerbaijan

Bracelet imports into Azerbaijan soared to X units in 2022, rising by 37% on the previous year. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 301%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, bracelet imports soared to $X in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 128% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main bracelet supplier to Azerbaijan, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +120.2%.

In value terms, China ($X) constituted the largest supplier of watch straps, bands and bracelets to Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +73.3%.

Import Prices by Country

The average bracelet import price stood at $X per unit in 2022, with an increase of 19% against the previous year. In general, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 37%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +10.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for watch straps, bands and bracelets in the world?

The United States remains the largest bracelet consuming country worldwide, comprising approx. 41% of total volume. Moreover, bracelet consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. Switzerland ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of watch straps, bands and bracelets in the world?

China remains the largest bracelet producing country worldwide, comprising approx. 63% of total volume. Moreover, bracelet production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, more than tenfold. The third position in this ranking was occupied by India, with a 3.3% share.

What are the leading suppliers of watch straps, bands and bracelets to Azerbaijan?

In value terms, China constituted the largest supplier of bracelet to Azerbaijan, comprising 68% of total imports. The second position in the ranking was occupied by Iran $349), with a 0.2% share of total imports.

What are the leading importers of watch straps, bands and bracelets from Azerbaijan?

In value terms, Russia emerged as the key foreign market for bracelet exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was occupied by Georgia $440), with a 12% share of total exports.

What is the average export price for watch straps, bands and bracelets in Azerbaijan?

The average bracelet export price stood at $28,045 per ton in 2021, jumping by 29% against the previous year.

What is the average import price for watch straps, bands and bracelets in Azerbaijan?

The average bracelet import price stood at $521,684 per ton in 2021, declining by -22.7% against the previous year.

This report provides an in-depth analysis of the bracelet market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15121300 - Watch straps, bands, bracelets and parts thereof (including of leather, composition leather or plastic, excluding of precious metal, metal or base metal clad/plated with precious metal)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023