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Furniture production to increase in Azerbaijan

Business Materials 1 November 2018 11:00 (UTC +04:00)
In 2018, the total volume of furniture production in Azerbaijan is expected to reach 72.6 million manats, which is 11.8 percent more than in 2017, according to the concept and forecast indicators of the socio-economic development of Azerbaijan for 2019 and the next three years.
Furniture production to increase in Azerbaijan

Baku, Azerbaijan, Nov. 1

By Azad Hasanli – Trend:

In 2018, the total volume of furniture production in Azerbaijan is expected to reach 72.6 million manats, which is 11.8 percent more than in 2017, according to the concept and forecast indicators of the socio-economic development of Azerbaijan for 2019 and the next three years.

According to the government’s forecasts, furniture production will expand over the next years. Thus, in 2019 this figure will be 76.7 million manats, in 2020 - 82.2 million manats, in 2021 - 88.2 million manats, in 2022 - 94.5 million manats.

Most of all, 17,481 pieces of office furniture is expected to be produced in Azerbaijan - in 2018.

In 2019, 18,529 pieces of office furniture will be produced, while in 2020 - 19,641 pieces.

From 2021 this figure will exceed 20,000 and reach 20,820 pieces, and in 2022 it will be 22,069 pieces.

Furniture production in 2017-2022:

2017

2018

2019

2020

2021

2022

Office furniture

16,999

17,481

18,529

19,641

20,820

22,069

Kitchen furniture

521

531

563

586

609

633

Bedroom furniture

5,225

7,629

8,087

8,491

8,916

9,361

Rest furniture (sofas, etc.)

5,762

6,282

6,659

6,992

7,342

7,709

(1.7 manats = $1 on Nov. 1)

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Follow the author on Twitter: @AzadHasanli

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