Azerbaijan - Jewelry - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJewelry Price in Azerbaijan - 2023
Contents:
- Jewelry Price in Azerbaijan (CIF) - 2022
- Jewelry Price in Azerbaijan (FOB) - 2022
- Jewelry Imports in Azerbaijan
- Jewelry Exports in Azerbaijan
Jewelry Price in Azerbaijan (CIF) - 2022
In 2022, the average jewelry import price amounted to $7,051,003 per ton, with an increase of 35% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2015 an increase of 424%. The import price peaked at $9,692,307 per ton 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 France ($37,329,788 per ton), while the price for Brazil ($196,483 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Jewelry Price in Azerbaijan (FOB) - 2022
The average jewelry export price stood at $43,314,125 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 17,159% against the previous year. Over the period under review, the average export prices reached the maximum at $111,604,000 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($135,109,000 per ton), while the average price for exports to Turkey ($1,009,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+458.5%), while the prices for the other major destinations experienced more modest paces of growth.
Jewelry Imports in Azerbaijan
In 2022, approx. 3.9 tons of jewelry were imported into Azerbaijan; remaining relatively unchanged against 2021 figures. Overall, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year.
In value terms, jewelry imports skyrocketed to $27M in 2022. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 72%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Jewelry in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.8 | 5.1 | 9.3 | 13.7 | 41.8% |
| Turkey | 0.7 | 0.7 | 1.4 | 1.8 | 37.0% |
| United States | 1.0 | 0.8 | 1.1 | 1.6 | 17.0% |
| Thailand | 0.3 | 0.3 | 0.8 | 1.2 | 58.7% |
| China | 1.4 | 0.6 | 0.8 | 1.1 | -7.7% |
| Brazil | N/A | N/A | N/A | N/A | 0% |
| Others | 7.9 | 4.3 | 6.8 | 7.9 | 0.0% |
| Total | 16.1 | 11.8 | 20.2 | 27.3 | 19.2% |
Top Suppliers of Jewelry to Azerbaijan in 2022:
- Turkey (1292.0 kg)
- China (1017.0 kg)
- Italy (1000.0 kg)
- Thailand (226.0 kg)
- United States (100.0 kg)
- Brazil (89.0 kg)
Jewelry Exports in Azerbaijan
Jewelry exports from Azerbaijan dropped notably to 16 kg in 2022, reducing by -15.8% on the previous year. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 850% against the previous year.
In value terms, jewelry exports contracted remarkably to $693K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 270%. As a result, the exports attained the peak of $827K, and then dropped notably in the following year.
| Export of Jewelry in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 2.9 | N/A | 332 | 970.0% |
| United Kingdom | 198 | N/A | N/A | 154 | -8.0% |
| Italy | N/A | N/A | 46.3 | 135 | 191.6% |
| Switzerland | 191 | 220 | 601 | 43.8 | -38.8% |
| Spain | 3.3 | N/A | N/A | 12.7 | 56.7% |
| Kazakhstan | N/A | N/A | N/A | 6.8 | 0% |
| Belgium | N/A | N/A | N/A | 6.3 | 0% |
| Turkey | 1.5 | N/A | 3.5 | 2.0 | 10.1% |
| Austria | N/A | N/A | 0.2 | N/A | 0% |
| Georgia | 1.2 | N/A | 1.0 | N/A | -8.7% |
| Others | 3.2 | N/A | 175 | N/A | 639.5% |
| Total | 399 | 223 | 827 | 693 | 20.2% |
Top Export Markets for Jewelry from Azerbaijan in 2022:
- United Arab Emirates (7.0 kg)
- Turkey (2.0 kg)
- United Kingdom (2.0 kg)
- Italy (1.0 kg)
- Belgium (1.0 kg)
- Switzerland (1.0 kg)
- Kazakhstan (1.0 kg)
- Spain (1.0 kg)
This report provides an in-depth analysis of the jewelry 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 32121330 - Articles of jewellery and parts thereof of precious metal (including plated, clad)
- Prodcom 32121351 - Articles of goldsmiths
- Prodcom 32121353 - Articles of goldsmiths
- Prodcom 32121355 - Articles of goldsmiths
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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