Textile production zooms sharply in Azerbaijan and it’s no surprise!
The country’s richness in cotton production is helping the textile industry grow. The total volume of textile production in Azerbaijan in the first 5 months of 2019 was US $ 77.08 million.
Now that’s a whopping 47.7 per cent growth when one compares with the first 5 months of 2018. This was confirmed by the State Statistical Committee.
Here, however, it is important to note that the apparel production slumped by 0.1 per cent, accounting for US $ 33.6 million during the same period. Even the production of leather goods and footwear too fell by 27.7 per cent (touching US $ 5.3 million) in the first 5 months of 2019.
Besides, yarn products, clothes, leather items and shoes worth US $ 33.6 million were produced during the same period at a year-on-year growth of 56.1 per cent.
The retail turnover of yarn items, apparels and footwear too touched a decent US $ 1.5 billion (3.2 per cent up) in the January to May period of 2019.
Notably, Baku Textiles, which makes over 5,000 different varieties of textile products, is today one of the biggest names in Azerbaijan’s textile industry.
The firm, which has plans to soon launch supply of finished products to external markets, could be instrumental in inspiring other companies to work towards the growth of the sector in the country.
