Bovine Animals; Live Price in Azerbaijan - 2023
Contents:
Bovine Animals; Live Price in Azerbaijan (CIF) - 2023
The average bovine animals; live import price stood at $768 per unit in September 2023, declining by -6.8% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 151% month-to-month. The import price peaked at $1,523 per unit in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Georgia ($863 per unit), while the price for Kazakhstan ($403 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Bovine Animals; Live Imports in Azerbaijan
In 2022, the amount of bovine animals; lives imported into Azerbaijan contracted slightly to 50K units, declining by -3.3% compared with the year before. Overall, imports recorded a sharp slump. Imports peaked at 105K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, bovine animals; live imports skyrocketed to $48M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bovine Animals; Live in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 12.0 | 16.3 | 16.6 | 23.6 | 25.3% |
| Uruguay | N/A | N/A | N/A | 10.1 | 0% |
| Estonia | N/A | N/A | 0.6 | 3.7 | 516.7% |
| Austria | 5.8 | 7.0 | 7.9 | 3.5 | -15.5% |
| Turkey | 1.8 | 1.4 | 0.8 | 2.4 | 10.1% |
| Russia | 4.1 | 7.1 | 0.6 | 1.3 | -31.8% |
| Ukraine | 15.6 | 9.5 | 1.3 | N/A | -71.1% |
| Others | 3.7 | 5.7 | 8.7 | 3.6 | -0.9% |
| Total | 43.0 | 47.0 | 36.5 | 48.3 | 4.0% |
Top Suppliers of Bovine Animals; Live to Azerbaijan in 2022:
- Georgia (39.8K units)
- Uruguay (3.2K units)
- Russia (2.2K units)
- Estonia (1.2K units)
- Austria (1.1K units)
- Turkey (0.9K units)
- Ukraine (0.1K units)
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