Azerbaijan: Women Hosiery Market 2024

Women Hosiery Market Size in Azerbaijan

After three years of growth, the Azerbaijani women hosiery market decreased by X% to $X in 2022. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2017 indices. Women hosiery consumption peaked at $X in 2021, and then dropped in the following year.

Women Hosiery Production in Azerbaijan

In value terms, women hosiery production amounted to $X in 2022 estimated in export price. Overall, production enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Women Hosiery Exports

Exports from Azerbaijan

In 2022, overseas shipments of socks, stockings and other women's hosiery were finally on the rise to reach X pairs after three years of decline. In general, exports, however, continue to indicate a sharp decrease. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports rose slightly to $X in 2022. Over the period under review, exports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X pairs) was the main destination for women hosiery exports from Azerbaijan, with a X% share of total exports. Moreover, women hosiery exports to Ukraine exceeded the volume sent to the second major destination, Iraq (X pairs), more than tenfold. Turkey (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Turkey (X% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for socks, stockings and other women's hosiery exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by Georgia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per pair in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per pair), while the average price for exports to Iraq ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Azerbaijan

Women hosiery imports into Azerbaijan reduced to X pairs in 2022, waning by X% against the year before. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X pairs in 2021, and then shrank in the following year.

In value terms, women hosiery imports declined to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Turkey (X pairs), China (X pairs) and Iran (X pairs) were the main suppliers of women hosiery imports to Azerbaijan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average women hosiery import price stood at $X per pair in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per pair), while the price for Iran ($X per pair) 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 mixed trend patterns.

Source: IndexBox Platform

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