BAKU, Azerbaijan, June 17
By Fidan Babayeva - Trend:
The cost of products sold in Azerbaijan’s retail chains amounted to over 14.5 billion manat ($8.6 billion) from January through May 2020, which is 1.7 percent less compared to the same period in 2019, Trend reports on June 17 referring to the country’s State Statistical Committee.
The turnover of products, beverages and tobacco products amounted to 7.8 billion manat (nearly $4.6 billion), non-food products – 6.7 billion manat ($3.9 billion); the cost of sold food products was 3.2 percent higher, and non-food products - 6.7 percent lower than from January through May 2019.
For the reporting period, the commodity market was characterized by the following:
|
Products |
Revenues from sale |
Compared to January through May 2019 (from 100%) |
|
Retail trade turnover |
14.5 billion manat ($6.7 billion) |
-1.7 |
|
including: |
||
|
food, beverages and tobacco |
7.8 billion manat ($4.6 billion) |
3.8 |
|
textile products, clothes and footwear |
2.1 billion manat ($1.2 billion) |
-20.4 |
|
electrical goods and furniture |
834.3 million manat ($490.7 million) |
-5.1 |
|
computers, telecommunications equipment and printing products |
100.5 million manat ($59.1 million) |
-1.6 |
|
pharmaceutical and medical products |
262.3 million manat ($154.3 million) |
42.2 |
|
motor fuel |
807.3 million manat ($474.8 million) |
-0.8 |
|
other non-food products |
2.5 billion manat ($1.4 billion) |
-1.4 |
In the first five months of this year, 48.3 percent of the money spent by buyers (of final consumer goods) accounted for food products, 14.9 percent for textile products, clothes and footwear, 5.7 percent for furniture and electrical goods, 5.6 percent for the purchase of motor fuel, 1.8 percent for pharmaceutical and medical products, 0.7 percent for computers, telecommunications equipment and printing products.
Meanwhile, 17.6 percent of the total value accounted for other non-food products.
During the reporting period, nearly 23.6 percent of consumer goods were sold by trading companies. Individual entrepreneurs accounted for 49.5 percent, markets and fairs – 26.9 percent of the specific share.
The retail trade turnover in real terms increased by 13.4 percent for enterprises, 0.5 percent for individual entrepreneurs, and 15.1 percent for markets and fairs from January through May 2020 compared to the same period of 2019.
The average monthly turnover of retail trade per capita from January through May of this year amounted to 292.6 manat ($172.1) or 2.5 manat ($1.4) more in nominal terms than in the same period of 2019.
The average monthly volume of the sold food products per capita amounted to 157.2 manat ($92.4), and non-food products - 135.4 manat ($79.6) in 2019.
(1 USD = 1.7 AZN on June 17)
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