Azerbaijan"s gemstone market is witnessing interesting trends, particularly in the import of turquoise, a key commodity among precious stones. The data from 2021 to 2024 highlights significant fluctuations in both trade volume and pricing, which are crucial for stakeholders in the market. In 2021, Azerbaijan imported substantial quantities of unworked or simply sawn precious stones, totaling 720 kg per transaction, at a relatively stable price of $7675. 22. This consistency suggests a strong demand and steady supply chain during that period. However, by 2022, the import volume saw a dramatic reduction, with only 0. 2 kg being imported at a price of $189. 65.

This stark decrease could indicate supply chain disruptions or shifts in market demand. The year 2023 marked a recovery in import volumes, with large shipments of 1380 kg valued at $1905. Significantly, there were multiple shipments of this size, indicating a robust resurgence in market activity. However, there was also a notable price increase for smaller shipments, such as 6. 8 kg being valued at $4058. 88, reflecting either a rise in turquoise quality or increased market competition. In 2024, the trend continued with multiple imports of 5 kg each priced uniformly at $54. 12.

This suggests a stabilization in both volume and pricing, possibly due to established supplier relationships or a streamlined import process. These insights are crucial for businesses looking to engage with Azerbaijan"s turquoise market. For companies seeking to capitalize on this opportunity, platforms like Aritral. com offer invaluable resources. Aritral simplifies international trade with AI-driven tools for product listing, direct communication, and global sales assistance, making it an ideal partner for expanding in Azerbaijan"s dynamic gemstone market. "