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Clothing production grows in Azerbaijan

Business Materials 23 August 2018 15:32 (UTC +04:00)

Baku, Azerbaijan, Aug. 23

By Azad Hasanli – Trend:

In January-July 2018, the overall production volumes of clothing in Azerbaijan totaled 32.86 million manats, which is 0.7 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 54.4 percent up to 13.5 million manats for the year, in the spinning industry - by 64.2 percent, to 151.18 million manats.

Products of the spinning industry, footwear, clothing and leather products worth 197.6 million manats (64.2 percent growth for the year) were produced for seven months of this year.

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

Goods produced in Jan.-July 2018

Margin compared to Jan.-July 2017 (%)

Finished goods in warehouses as of Aug. 1, 2018

Clothes

Outer knitwear, 1,000 pieces

86.7

-47.7

1.9

Under knitwear, 1,000 pieces

233.2

-38.2

85.4

Socks, 1,000 pairs

1,306.1

-8.2

10.8

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

345.5

a 4.9 times growth

7.3

Leather goods and footwear

Leather, 1,000 sq. m.

39.2

+97

140

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

93.5

+52

25.9

Footwear, 1,000 pairs

88.8

-17.8

69.7

The retail turnover of the products of the spinning industry, clothing and footwear amounted to almost 3.6 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 0.6 percent in July compared to June. For the year, the prices for these products increased by 2.8 percent, 1.7 percent and 5.7 percent respectively.

(1.7 manats = $1 on Aug. 23)

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