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Retail turnover of yarn products in Azerbaijan exceeds $220M in 11 months of 2019

Business Materials 19 December 2019 16:37 (UTC +04:00)
From January through November 2019, the total value of footwear, clothing, yarn and leather goods produced in Azerbaijan amounted to 378 million manat
Retail turnover of yarn products in Azerbaijan exceeds $220M in 11 months of 2019

BAKU, Azerbaijan, Dec. 19

By Eldar Janashvili - Trend:

From January through November 2019, the total value of footwear, clothing, yarn and leather goods produced in Azerbaijan amounted to 378 million manat ($222.3 million), which is 36.2 percent more 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 11.5 percent, while the production of leather goods and footwear and the production of yarn decreased by 1.3 percent in the first 11 months of 2019.

In the reporting period, the retail turnover of yarn products, clothing and footwear exceeded 6.3 billion manat ($3.7 billion), having increased by 4.1 percent on annualized basis.

Clothing and footwear accounted for about 18.4 percent of consumer spending.

The prices for clothes increased by 0.4 percent, the prices for footwear increased by 0.4 percent and the prices for fabrics increased by 0.1 percent in November compared to October 2019. The prices for these products increased by 0.6 percent, 1.2 percent and 3.4 percent on the annualized basis, respectively.

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

Goods produced within January through November 2019

Ratio compared to January through November 2018 (%)

Finished goods in warehouses as of Dec. 1, 2019

Clothes

Outer knitwear, 1,000 pieces

332.2

87.9

1.4

Under knitwear, 1,000 pieces

514.8

91.3

0.4

Socks, 1,000 pairs

2,740

123.5

12.2

Professional clothes for men, 1,000 pieces

529.8

165.4

1.9

Jackets and blazers, pieces

2510

1.1

4,370

Women's suits, pieces

1,677

51.9

-

Leather goods and footwear

Leather, 1,000 sq. m.

50

94.9

140

Tanned leather, 1,000 sq. m.

48.8

43

30.8

Footwear, 1,000 pairs

254.1

120

9.9

(1 USD = 1.7 AZN on Dec. 19)

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Follow the author on Twitter: @eldarjanashvili

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