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Azerbaijan sees increase in cost of products sold in retail trade networks over 11M2021

Business Materials 17 December 2021 16:36 (UTC +04:00)
Azerbaijan sees increase in cost of products sold in retail trade networks over 11M2021

BAKU, Azerbaijan, Dec. 17

Trend:

The cost of products sold in retail chains in Azerbaijan in 11M2021 amounted to 38.327 billion manats ($22.5 million), which is 8.56 percent more than the same period last year, Trend reports citing the State Statistics Committee's data.

According to the information, retail turnover of food, drinks, and tobacco products amounted to 20.75 billion manats ($12.2 billion), non-food products - 17.57 billion manats ($10.3 billion). The cost of sold food products increased by 9.33 percent compared to the same period in 2020, non-food products - by 7.86 percent.

During the reporting period, the commodity market was made up as follows:

Product group names

Sales income, million manats

Ratio of 11M2021 in %

Retail turnover

38 327,5

103,0

including:

Food

18 842,2

102,5

drinks and tobacco products

1 909,0

101,8

textiles, clothing and footwear

6 022,7

101,2

electrical goods and furniture

2 040,8

128,6

computers, telecommunication equipment and printing products

373,6

118,6

pharmaceutical and medical products

851,2

131,2

automotive fuel

2 279,5

103,8

other non-food items

6 008,5

101,7

Thus, during the reporting period, the population directed 54.1 percent of funds for the purchase of foodstuffs, 15.7 percent - textiles, clothing and footwear, 5.3 percent - furniture and electrical appliances, 6.0 percent - automobile fuel, 2.2 percent - pharmaceutical and medical products, 1.0 percent - computers, telecommunications equipment and printing products; 15.7 percent - other non-food products.

The average monthly retail trade turnover per capita amounted to 347.9 manats ($204.71).

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