In January-April this year the volume of industrial production in Azerbaijan totaled 8.5 billion manat, which at current prices is 22.7% (2.5 bn. AZN) less than in the same period of 2014.
According to the State Statistics Committee, the volume of industrial production in the reporting period grew at stable prices by 3.7%. Statistical growth was achieved due to the increase in output. At the same time producer prices of manufactured goods were increased during the period by an average of 5.7%.
In the non-oil sector, industrial output in comparable prices grew by 10.5% and in the oil sector – by 2.9%, according to SSC.
The mining industry accounts for 62.3% (in the same period in 2014 - 72.5%) and the processing industry – for 28.5% (20.8%), etc. ---08D
Economics
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Azerbaijan is set to witness a surge in beer production over the next four years, according to government forecasts for 2025-2028. The projected rise underscores the country’s shift toward boosting its brewing industry, supported by agricultural initiatives aimed at increasing barley and hops cultivation.
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The Azerbaijani government has included a pessimistic forecast for the decline in hydrocarbon production in the country from 2025 to 2028 in the budget package of documents submitted for parliamentary review, Turan has learned.
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Azerbaijan has experienced steady growth in the steel production sector, with significant increases recorded in the first half of 2024, according to the State Statistics Committee. In the metallurgical industry, production volumes rose by 32%, while the output of finished metal products increased by 13.9% compared to the same period in 2023.
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Azerbaijan’s aluminum production surged by 65.7% in the first nine months of 2024, reaching 47,435.3 tons, compared to the same period last year, according to official data. The sharp increase is attributed to expanded production capacity and rising demand for aluminum products across various sectors, including construction and automotive.
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