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Retail turnover of yarn products in Azerbaijan exceeds 5.6 billion manat

Business Materials 20 November 2019 17:56
Retail turnover of yarn products in Azerbaijan exceeds 5.6 billion manat

BAKU, Azerbaijan, Nov. 20

By Eldar Janashvili - Trend:

From January through October 2019, the total value of footwear, clothing, yarn and leather goods produced in Azerbaijan amounted to 332.4 million manat ($195.5 million), which is 7.1 percent less than in the same period of the previous year, Trend reports referring to the country's State Statistical Committee.

The production of clothing increased by 12 percent, while the production of leather goods and footwear and the production of yarn decreased by 26.2 percent from January through September 2019.

In the reporting period, the retail turnover of yarn products, clothing and footwear exceeded 5.6 billion manat ($3.3 billion), having increased by 5 percent on annualized basis.

Clothing and footwear accounted for about 18.1 percent of consumer spending.

The prices for clothes increased by 0.4 percent, the prices for footwear decreased by 0.2 percent and the prices for fabrics remained unchanged in October compared to September 2019. The prices for these products increased by 0.7 percent, 1.3 percent and 3.4 percent on the annualized basis, respectively.

Production of clothes and footwear in Azerbaijan (from January through October 2019):

Goods produced in the period of January - October 2019

Difference compared to the period of January - October 2018 (%)

Finished goods in warehouses as of Nov. 1, 2019

Clothes

Outer knitwear, 1,000 pieces

289.2

80.4

1.4

Under knitwear, 1,000 pieces

500.3

96.3

0.4

Socks, 1,000 pairs

2,475

123.3

12.2

Professional clothes for men, 1,000 pieces

493.1

183.8

1.9

Jackets and blazers, pieces

2,460

1.2

4,370

Women's suits, pieces

1,669.3

53.3

-

Leather goods and footwear

Leather, 1,000 sq. m.

46.1

99.6

140

Tanned leather, 1,000 sq. m.

48.6

43

30.6

Footwear, 1,000 pairs

148.1

71.5

9.9

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Follow the author on Twitter: @eldarjanashvili

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