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Leather, footwear production grows by 54% in Azerbaijan

Business Materials 22 September 2018 14:37 (UTC +04:00)

Baku, Azerbaijan, Sept. 22

Azad Hasanli - Trend:

In January-August 2018, the overall production volumes of clothing in Azerbaijan totaled 38.5 million manats, which is 0.5 percent more than in the same period of 2017, the Azerbaijani State Statistics Committee's report said.

According to the report, the production volume of leather goods and footwear also increased by 54 percent up to 15.79 million manats for the year, in the spinning industry - by 63 percent, to 161.52 million manats.

Products of the spinning industry, footwear, clothing and leather products worth 215.8 million manats (63 percent growth for the year) were produced during the first eight months of this year.

Production of clothes and shoes in Azerbaijan (January-August 2018):

Goods produced in Jan.-Aug. 2018

Margin compared to Jan.-Aug. 2017 (%)

Finished goods in warehouses as of Sept. 1, 2018

Clothes

Outer knitwear, 1,000 pieces

122.6

-35.8

2.1

Under knitwear, 1,000 pieces

270.1

-35.9

44.5

Socks, 1,000 pairs

1,552.2

-2.4

8

Professional clothes for men, jackets and blazers, 1,000 pieces

386.2

a 4.8 times growth

5.9

Leather goods and footwear

Leather, 1,000 sq. m.

41.1

+83.5

140

Leather and fur products, 1,000 sq. m.

112.3

+39.7

26.6

Footwear, 1,000 pairs

163.8

+37.5

69.7

The retail turnover of the products of the spinning industry, clothing and footwear amounted to almost 4.15 billion manats during the reporting period, increasing by 3.3 percent for the year. Consumers spend about 18.1 percent of their funds for clothing and footwear in shopping malls.

Compared with July, in August, prices for clothing and fabrics increased by 0.1 percent, for footwear - by 0.1 percent. For the year, prices for these products increased by 2.8 percent, 5.3 percent and 1.5 percent, respectively.

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