Live Fish Price in Azerbaijan - 2023

Contents:

1. Live Fish Price in Azerbaijan (CIF) - 2022
2. Live Fish Price in Azerbaijan (FOB) - 2022
3. Live Fish Imports in Azerbaijan
4. Live Fish Exports in Azerbaijan

Live Fish Price in Azerbaijan (CIF) - 2022

The average live fish import price stood at $2,307 per ton in 2022, flattening at the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 an increase of 14%. Over the period under review, average import prices hit record highs at $4,043 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Georgia ($14,120 per ton), while the price for Russia ($1,470 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+34.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Live Fish Price in Azerbaijan (FOB) - 2022

The average live fish export price stood at $36,653 per ton in 2022, picking up by 141% against the previous year. Over the period under review, the export price enjoyed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($39,000 per ton), while the average price for exports to Turkey totaled $35,554 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+33.6%).

Live Fish Imports in Azerbaijan

Live fish imports into Azerbaijan reduced dramatically to 209 tons in 2022, falling by -48.9% compared with 2021. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by 712%. As a result, imports reached the peak of 410 tons, and then dropped sharply in the following year.

In value terms, live fish imports fell significantly to $483K in 2022. In general, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 719% against the previous year. As a result, imports attained the peak of $958K, and then dropped dramatically in the following year.

Top Suppliers of Live Fish to Azerbaijan in 2022:

1. Iran (177.0 tons)
2. Russia (26.7 tons)
3. Georgia (5.0 tons)

Live Fish Exports in Azerbaijan

In 2022, after three years of growth, there was significant decline in overseas shipments of live fish, when their volume decreased by -63.7% to 6.3 tons. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,695%. As a result, the exports reached the peak of 17 tons, and then declined significantly in the following year.

In value terms, live fish exports dropped to $230K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 3,202% against the previous year. As a result, the exports reached the peak of $263K, and then declined in the following year.

Top Export Markets for Live Fish from Azerbaijan in 2022:

1. Turkey (4.3 tons)
2. Russia (2.0 tons)

Source: IndexBox Market Intelligence Platform