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
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review