Furniture Industry Losing Ground

In the four months of this year, local manufacturers sold furniture totaling 10 million manat, which was 23% less than in the comparable period in 2014. Taking advantage of this, importers intensified their business.

According to the State Customs Committee, in January-April imports of furniture amounted to $ 43 million, which was 75% more than in the four months in 2014.

According to observations by the State Statistics Committee, from beginning of the year, retail prices of furniture in Azerbaijan rose by an average of 1.5%

The volume of the furniture market in Azerbaijan, according to official data, is estimated at about $ 150 million per year. Approximately 75% of the market belongs to producers from Turkey, China, Italy and others. -----08B

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