BAKU, Azerbaijan, Sept.11
By Fidan Babayeva – Trend:
The value of products sold in retail chains in Azerbaijan amounted to slightly 24.5 billion manat ($14.4 billion) from January through August 2020, which is 1.8 percent less than in the same period of 2019, Trend reports referring to a report of the State Statistics Committee.
According to the committee, the trade turnover of food, drinks and tobacco products amounted to 13.3 billion manat ($7.8 billion), and non-food products – 11.3 billion manat ($6.6 billion). The cost of sold food products grew by 3.3 percent over the year, while non-food products decreased by 6.9 percent.
The commodity market indicators for the reporting period is as follows:
|
Groups of products |
Revenues from sales (manat) |
Annual difference (in percent) |
|
Retail trade turnover |
24.5 billion ($14.4 billion) |
-1.8 |
|
Food, drinks and tobacco |
1.3 billion ($760 million) |
+3.6 |
|
Textiles, clothing and footwear |
3.5 billion ($2 billion) |
-19 |
|
Electrical goods and furniture |
1.35 billion ($790 million) |
-8 |
|
Computers, telecommunication equipment and printing products |
190.2 million ($111.8 million) |
-4.6 |
|
Pharmaceutical and medical products |
439.6 million ($258.5 million) |
+37.7 |
|
Motor fuel |
1.33 million ($780,000) |
-0.5 |
|
Other non-food products |
4.3 billion ($2.5 billion) |
+0.4 |
In the first eight months of this year, 48.9 percent of the funds spent by buyers (final consumption goods) fell on food, 14.6 percent - on textiles, clothing and footwear; 5.5 percent - furniture and electrical appliances.
Some 5.4 percent of the total spending accounted for the purchase of fuel, 1.8 percent - pharmaceutical and medical products, computers, telecommunications equipment and printing products - 0.8 percent, and other non-food products -17.8 percent.
From January through August of 2020, the share of enterprises in retail turnover rose by 8.9 percent, of individual entrepreneurs - 1.1 percent, and of markets and fairs - declined by 13.7 percent over the year.
Retail turnover of enterprises grew by 27.5 percent in real terms, of individual entrepreneurs - 0.1 percent, and of markets and fairs – edged down by 5.1 percent compared to the seven months of 2020.
At the same time, the average monthly retail trade turnover per capita amounted to 308.1 manat ($181.2), a year-on-year growth of 2.5 manat ($1.4) in nominal terms.
In 2019, the average monthly volume of sold food products per person amounted to 166.7 manat ($98), and non-food products - 141.4 manat ($83.2).
(1 USD = 1.7 manat on Sept.11)
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