Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $137 per unit, rising by 3.3% against the previous year. In general, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $474 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($938 per unit), while the price for China ($56 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $66 per unit in 2022, stabilizing at the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices attained the maximum at $202 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($262 per unit), while the average price for exports to the United States ($51 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 UK (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use imported into Azerbaijan skyrocketed to 194K units, jumping by 28% compared with the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $26M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 12.1 | 9.4 | 12.7 | 18.5 | 15.2% |
| Italy | 5.2 | 2.9 | 3.0 | 3.3 | -14.1% |
| China | 1.5 | 1.0 | 1.2 | 1.3 | -4.7% |
| Russia | 0.5 | 0.6 | 0.9 | 1.0 | 26.0% |
| Belarus | 0.8 | 0.3 | 0.8 | 0.6 | -9.1% |
| Ukraine | 0.5 | 0.3 | 0.3 | N/A | -22.5% |
| Others | 1.8 | 1.5 | 1.2 | 1.7 | -1.9% |
| Total | 22.3 | 16.1 | 20.1 | 26.5 | 5.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Azerbaijan in 2022:
- Turkey (137.9K units)
- China (23.3K units)
- Russia (13.9K units)
- Belarus (4.8K units)
- Italy (3.5K units)
- Ukraine (0.5K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Azerbaijan surged to 25K units, jumping by 100% on the previous year. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 191% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $1.7M in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 119% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.0 | 137 | 523 | 915 | 212.4% |
| Georgia | 18.3 | 13.3 | 79.9 | 546 | 210.2% |
| Kazakhstan | 55.7 | 49.0 | 18.0 | 49.0 | -4.2% |
| United Kingdom | 62.0 | 50.7 | 63.3 | 31.6 | -20.1% |
| Turkey | 8.0 | 11.9 | 32.4 | 7.7 | -1.3% |
| United Arab Emirates | 171 | 39.7 | 18.5 | 2.8 | -74.6% |
| Others | 108 | 76.6 | 95.6 | 102 | -1.9% |
| Total | 453 | 378 | 830 | 1,654 | 54.0% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Azerbaijan in 2022:
- United States (18.0K units)
- Georgia (5.6K units)
- United Kingdom (0.2K units)
- Kazakhstan (0.2K units)
- Turkey (0.1K units)
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