Azerbaijan: Women Knitwear Market 2024

Women Knitwear Market Size in Azerbaijan

The Azerbaijani women knitwear market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate significant growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Women Knitwear Production in Azerbaijan

In value terms, women knitwear production totaled $X in 2022 estimated in export price. In general, production, however, showed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Women Knitwear Exports

Exports from Azerbaijan

In 2022, the amount of women's or girls' clothing (knitted or crocheted) exported from Azerbaijan dropped markedly to X units, which is down by X% compared with the previous year. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, women knitwear exports soared to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for women knitwear exports from Azerbaijan, with a X% share of total exports. Moreover, women knitwear exports to Italy exceeded the volume sent to the second major destination, Turkey (X units), twofold. The third position in this ranking was held by Russia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, the largest markets for women knitwear exported from Azerbaijan were Russia ($X), Italy ($X) and Spain ($X), with a combined X% share of total exports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average women knitwear export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Russia ($X per unit), while the average price for exports to Turkmenistan ($X 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 Russia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Women Knitwear Imports

Imports into Azerbaijan

In 2022, approx. X units of women's or girls' clothing (knitted or crocheted) were imported into Azerbaijan; increasing by X% against the previous year. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, women knitwear imports soared to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Turkey (X units) and Bangladesh (X units) were the main suppliers of women knitwear 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 Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest women knitwear suppliers to Azerbaijan were Turkey ($X), China ($X) and Bangladesh ($X), together comprising X% of total imports.

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

Import Prices by Country

In 2022, the average women knitwear import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, showed a abrupt downturn. Over the period under review, average import prices reached the peak figure at $X per unit 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 Morocco ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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