Azerbaijan: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Azerbaijan

The Azerbaijani market for furnishing articles, furniture and cushion covers dropped to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a mild curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Furnishing Articles, Furniture and Cushion Covers in Azerbaijan

In value terms, production of furnishing articles, furniture and cushion covers fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Azerbaijan

In 2022, approx. X kg of furnishing articles, furniture and cushion covers were exported from Azerbaijan; waning by X% against the previous year's figure. Overall, exports faced a sharp decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of furnishing articles, furniture and cushion covers plummeted to $X in 2022. Over the period under review, exports saw a sharp decline. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Georgia (X kg) was the main destination for exports of furnishing articles, furniture and cushion covers from Azerbaijan, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia totaled X%.

In value terms, Georgia ($X) also remains the key foreign market for furnishing articles, furniture and cushion covers exports from Azerbaijan.

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

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Azerbaijan

After two years of growth, supplies from abroad of furnishing articles, furniture and cushion covers decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers contracted notably to $X in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of furnishing article, furniture and cushion cover to Azerbaijan, accounting for a X% share of total imports. Moreover, imports of furnishing articles, furniture and cushion covers from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold. The third position in this ranking was taken by Iran (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of furnishing articles, furniture and cushion covers to Azerbaijan, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

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

Import Prices by Country

In 2022, the average import price for furnishing articles, furniture and cushion covers amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a noticeable contraction. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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