Azerbaijan: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Azerbaijan

In 2022, the Azerbaijani wooden kitchen furniture market decreased by -30.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Wooden Kitchen Furniture Production in Azerbaijan

In value terms, wooden kitchen furniture production declined slightly to $X in 2022 estimated in export price. In general, production faced a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wooden Kitchen Furniture Exports

Exports from Azerbaijan

Wooden kitchen furniture exports from Azerbaijan soared to X units in 2022, increasing by 346% on 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 7,100%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, wooden kitchen furniture exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 4,107% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units), Georgia (X units) and Russia (X units) were the main destinations of wooden kitchen furniture exports from Azerbaijan, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +427.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X) emerged as the key foreign market for wooden furniture for kitchens exports from Azerbaijan, comprising 79% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Georgia totaled +194.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2,614.4% per year) and Russia (+27.3% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, growing by 69% against the previous year. In general, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 106%. The export price peaked at $X per unit in 2019; however, from 2020 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 Georgia ($X per unit), while the average price for exports to the United States ($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 United States (+415.0%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Kitchen Furniture Imports

Imports into Azerbaijan

Wooden kitchen furniture imports into Azerbaijan shrank to X units in 2022, declining by -5.6% compared with the previous year's figure. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 285%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden kitchen furniture imports expanded markedly to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 440% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X units), Turkey (X units) and Italy (X units) were the main suppliers of wooden kitchen furniture imports to Azerbaijan, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +70.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Germany ($X) constituted the largest wooden kitchen furniture suppliers to Azerbaijan, with a combined 94% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +19.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, picking up by 13% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 42% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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