Cereals; Rye, Seed Price in Azerbaijan - 2023

Contents:

  1. Cereals; Rye, Seed Price in Azerbaijan (CIF) - 2022
  2. Cereals; Rye, Seed Imports in Azerbaijan

Cereals; Rye, Seed Price in Azerbaijan (CIF) - 2022

In 2022, the average cereals; rye, seed import price amounted to $498 per ton, flattening at the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 0.4%. As a result, import price reached the peak level of $1,733 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +0.0% per year.

Cereals; Rye, Seed Imports in Azerbaijan

In 2022, overseas purchases of cereals; rye, seeds decreased by 0% to 38 tons, falling for the second year in a row after two years of growth. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of less than 0.1%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cereals; rye, seed imports totaled $19K in 2022. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 0.4% against the previous year. As a result, imports attained the peak of $36K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Cereals; Rye, Seed in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia12.311.0N/A9.5-8.2%
Italy12.012.7N/AN/A5.8%
Others12.012.7N/A9.5-7.5%
Total36.236.4N/A18.9-19.5%

Top Suppliers of Cereals; Rye, Seed to Azerbaijan in 2022:

  1. Russia (19.0 tons)

Source: IndexBox Market Intelligence Platform

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