Broken Rice Price in Azerbaijan - 2023
Contents:
Broken Rice Price in Azerbaijan (CIF) - 2022
In 2022, the average broken rice import price amounted to $427 per ton, falling by -16.7% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broken rice import price increased by +73.9% against 2015 indices. The growth pace was the most rapid in 2017 when the average import price increased by 69%. Over the period under review, average import prices reached the peak figure at $513 per ton in 2021, and then shrank notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($1,000 per ton), while the price for Russia ($406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Broken Rice Imports in Azerbaijan
In 2022, imports of broken rice into Azerbaijan skyrocketed to 141 tons, picking up by 198% compared with the year before. Over the period under review, imports showed a prominent increase.
In value terms, broken rice imports soared to $60K in 2022. In general, imports recorded a strong increase.
| Import of Broken Rice in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 40.9 | 0% |
| Russia | 26.2 | 79.5 | 13.9 | 16.3 | -14.6% |
| Iran | N/A | 6.6 | 5.0 | 2.9 | -33.7% |
| United Arab Emirates | 18.2 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 1.7 | 5.2 | N/A | 260.6% |
| Total | 44.8 | 87.8 | 24.2 | 60.0 | 10.2% |
Top Suppliers of Broken Rice to Azerbaijan in 2022:
- Kazakhstan (97.7 tons)
- Russia (40.0 tons)
- Iran (2.9 tons)
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