Report Update: May 1, 2024

Azerbaijan - Socks, Stockings And Other Women's Hosiery - Market Analysis, Forecast, Size, Trends and Insights

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Women Hosiery Price in Azerbaijan - 2023

Women Hosiery Price in Azerbaijan (CIF) - 2023

The average women hosiery import price stood at $941 per thousand pairs in July 2023, shrinking by -8.4% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 40% against the previous month. As a result, import price attained the peak level of $1.1 per pair. From January 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($2.4 per pair), while the price for Iran ($261 per thousand pairs) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Women Hosiery Price in Azerbaijan (FOB) - 2022

The average women hosiery export price stood at $1.2 per pair in 2022, shrinking by -47.5% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 68%. The export price peaked at $2.3 per pair in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($13 per pair), while the average price for exports to Iraq ($0.1 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports in Azerbaijan

In 2022, after three years of growth, there was significant decline in supplies from abroad of socks, stockings and other women's hosiery, when their volume decreased by -25.9% to 13M pairs. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of 17M pairs, and then contracted notably in the following year.

In value terms, women hosiery imports dropped to $11M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $12M, and then shrank in the following year.

Import of Women Hosiery in Azerbaijan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	4.8	4.2	5.7	6.1	8.3%
China	3.8	4.1	4.5	3.6	-1.8%
Russia	0.1	0.3	0.9	0.4	58.7%
Iran	0.1	0.2	0.3	0.2	26.0%
Others	0.9	0.6	0.6	0.6	-12.6%
Total	9.7	9.4	12.1	10.9	4.0%

Top Suppliers of Women Hosiery to Azerbaijan in 2022:

China (7.1M pairs)
Turkey (4.8M pairs)
Iran (0.4M pairs)
Russia (0.2M pairs)

Women Hosiery Exports in Azerbaijan

In 2022, shipments abroad of socks, stockings and other women's hosiery was finally on the rise to reach 29K pairs after two years of decline. In general, exports, however, continue to indicate a dramatic decline. The exports peaked at 115K pairs in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports totaled $34K in 2022. Overall, exports, however, continue to indicate a sharp descent. Over the period under review, the exports reached the maximum at $129K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Women Hosiery in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	N/A	N/A	N/A	27.2	0%
Georgia	124	33.6	N/A	0.9	-80.6%
Iraq	N/A	N/A	N/A	0.1	0%
Russia	N/A	N/A	12.1	N/A	0%
Jordan	N/A	12.2	5.2	N/A	-57.4%
Others	5.0	15.3	15.7	6.0	6.3%
Total	129	61.1	32.9	34.2	-35.8%

Top Export Markets for Women Hosiery from Azerbaijan in 2022:

Ukraine (26.7K pairs)
Iraq (1.8K pairs)
Georgia (0.1K pairs)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the women hosiery 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 14311050 - Women
Prodcom 14311090 - Knitted or crocheted hosiery and footwear (including socks, e xcluding women

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