Azerbaijan: Leather Market 2024

Leather Market Size in Azerbaijan

The Azerbaijani leather market dropped to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Leather Production in Azerbaijan

In value terms, leather production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Leather production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Leather Exports

Exports from Azerbaijan

In 2022, the amount of leather exported from Azerbaijan rose significantly to X square meters, growing by X% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, leather exports reduced slightly to $X in 2022. Overall, exports showed a perceptible increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X square meters) was the main destination for leather exports from Azerbaijan, accounting for a X% share of total exports. Moreover, leather exports to Turkey exceeded the volume sent to the second major destination, Ukraine (X square meters), more than tenfold. India (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and India (X% per year).

In value terms, Turkey ($X) remains the key foreign market for leather exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and India (X% per year).

Export Prices by Country

The average leather export price stood at $X per square meter in 2021, picking up by X% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced a decline.

Leather Imports

Imports into Azerbaijan

In 2022, the amount of leather imported into Azerbaijan shrank rapidly to X square meters, declining by X% against the year before. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, leather imports shrank notably to $X in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2021, Iran (X square meters) constituted the largest leather supplier to Azerbaijan, with a X% share of total imports. Moreover, leather imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), threefold. China (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and China (X% per year).

In value terms, Iran ($X), Turkey ($X) and China ($X) constituted the largest leather suppliers to Azerbaijan, with a combined X% share of total imports.

Iran, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average leather import price amounted to $X per square meter, rising by X% against the previous year. In general, the import price, however, saw a perceptible setback. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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