Report Update: Apr 1, 2024

Azerbaijan - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights

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Beef Price in Azerbaijan - 2023

Beef Price in Azerbaijan (CIF) - 2023

The average beef import price stood at $3,646 per ton in September 2023, declining by -3.9% against the previous month. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 24% month-to-month. The import price peaked at $5,014 per ton in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($4,799 per ton), while the price for Brazil ($1,713 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+1.1%), while the prices for the other major suppliers experienced a decline.

Beef Price in Azerbaijan (FOB) - 2022

The average beef export price stood at $10,527 per ton in 2022, rising by 25% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 457% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +18.8% per year.

Beef Imports in Azerbaijan

In 2022, supplies from abroad of beef (cattle meat) decreased by -11.4% to 4.8K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 11%. As a result, imports attained the peak of 9.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, beef imports shrank to $21M in 2022. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 31%. As a result, imports reached the peak of $36M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Beef in Azerbaijan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	14.1	20.7	10.1	10.8	-8.5%
Belarus	3.6	3.4	2.9	3.7	0.9%
India	2.7	2.9	2.7	2.9	2.4%
Brazil	2.0	2.0	1.1	2.0	0.0%
Paraguay	0.1	0.1	0.1	0.3	44.2%
Georgia	1.3	5.2	3.5	N/A	64.1%
Pakistan	2.5	0.7	0.3	N/A	-65.4%
Others	1.5	1.4	1.1	1.8	6.3%
Total	27.7	36.4	21.8	21.5	-8.1%

Top Suppliers of Beef to Azerbaijan in 2022:

Ukraine (2342.2 tons)
India (923.2 tons)
Belarus (917.7 tons)
Brazil (400.1 tons)
Paraguay (150.9 tons)

Beef Exports in Azerbaijan

In 2022, approx. 900 kg of beef (cattle meat) were exported from Azerbaijan; with a decrease of -62.9% against the year before. In general, exports recorded a dramatic downturn. The smallest decline of -40.6% was in 2021.

In value terms, beef exports dropped rapidly to $9.5K in 2022. Over the period under review, exports faced a dramatic setback. The smallest decline of -37.3% was in 2021.

Export of Beef in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Qatar	N/A	N/A	N/A	9.5	0%
Vietnam	30.5	N/A	N/A	N/A	0%
United States	N/A	10.0	0.1	N/A	-99.0%
United Arab Emirates	51.9	22.5	20.3	N/A	-37.5%
Others	N/A	N/A	N/A	N/A	0%
Total	82.3	32.5	20.4	9.5	-51.3%

Top Export Markets for Beef from Azerbaijan in 2022:

Qatar (900.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the beef market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 947 - Buffalo meat
FCL 867 - Meat of cattle

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023