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Clothing production growing steadily in Azerbaijan

Business Materials 26 July 2018 15:24 (UTC +04:00)

Baku, Azerbaijan, July 26

By Azad Hasanli – Trend:

In January-June 2018, the overall production volumes of clothing in Azerbaijan totaled 27.43 million manats, which is 10.3 percent more than in the same period of 2017, the Azerbaijani State Statistics Committee's report said.

According to the report, the production volume of leather goods and footwear also increased by 56.9 percent up to 11.4 million manats for the year.

Products of the spinning industry, footwear, clothing and leather products worth 188 million manats (76.9 percent growth for the year) were produced for six months of this year.

Production of clothes and shoes in Azerbaijan (January-June 2018):

Goods produced in Jan.-June 2018

Margin compared to Jan.-June 2017 (%)

Finished goods in warehouses as of July 1, 2018

Clothes

Outer knitwear, 1,000 pieces

73.1

-50.4

1.7

Under knitwear, 1,000 pieces

194.6

-41

89.4

Socks, 1,000 pairs

1,130.6

-6.5

16.3

Professional clothes for men, jackets and blazers, 1,000 pieces

276.5

6.4 times growth

5.9

Leather goods and footwear

Leather, 1,000 sq. m.

24.9

2.1 times growth

140

Leather and fur products, 1,000 sq. m.

75

+22.4

25.5

Footwear, 1,000 pairs

67.1

-19.7

42.6

The retail turnover of the products of the spinning industry, clothing and footwear amounted to almost 3.1 billion manats during the reporting period, increasing by 3.1 percent for the year. Consumers spend about 18 percent of their funds for clothing and footwear in shopping malls.

The prices for clothing and fabrics remained unchanged, prices for shoes increased by 0.1 percent in June compared to May. For the year, the prices for these products increased by 2.9 percent, 6.1 percent and 1.9 percent respectively.

(1.7 manats = $1 on July 26)

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