Onion Price in Azerbaijan - 2024
Contents:
- Onion Price in Azerbaijan (FOB) - 2022
- Onion Price in Azerbaijan (CIF) - 2022
- Onion Exports in Azerbaijan
- Onion Imports in Azerbaijan
Onion Price in Azerbaijan (FOB) - 2022
The average onion export price stood at $259 per ton in 2022, falling by -6.3% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $469 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($456 per ton), while the average price for exports to Georgia ($190 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Onion Price in Azerbaijan (CIF) - 2022
In 2022, the average onion import price amounted to $405 per ton, picking up by 5.1% against the previous year. In general, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 94%. Over the period under review, average import prices hit record highs at $436 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($550 per ton), while the price for Russia totaled $400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Exports in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in overseas shipments of onions (dry), which decreased by -6% to 13K tons in 2022. In general, exports saw a dramatic shrinkage.
In value terms, onion exports contracted to $3.4M in 2022. Overall, exports recorded a dramatic shrinkage.
| Export of Onion in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | 1.1 | 1.0 | 0.9 | 1.6 | 13.3% |
| Russia | 4.5 | 2.9 | 2.7 | 1.3 | -33.9% |
| Ukraine | 0.5 | 0.5 | 0.2 | 0.3 | -15.7% |
| Belarus | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Turkey | 1.4 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Total | 7.9 | 4.6 | 3.8 | 3.4 | -24.5% |
Top Export Markets for Onion from Azerbaijan in 2022:
- Georgia (8.5K tons)
- Russia (3.0K tons)
- Ukraine (1.0K tons)
- Belarus (0.2K tons)
Onion Imports in Azerbaijan
In 2022, purchases abroad of onions (dry) decreased by -96.8% to 398 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 258% against the previous year. As a result, imports attained the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, onion imports shrank rapidly to $161K in 2022. Over the period under review, imports showed a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 255%. As a result, imports attained the peak of $5.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Onion in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 948 | 4,623 | 3,765 | 154 | -45.4% |
| Netherlands | 6.2 | 15.6 | 10.4 | 7.3 | 5.6% |
| Kazakhstan | 23.2 | 482 | 346 | N/A | 286.2% |
| Uzbekistan | 455 | 26.2 | 348 | N/A | -12.5% |
| Ukraine | N/A | 75.1 | 324 | N/A | 331.4% |
| Others | 39.8 | 1.3 | N/A | 0.7 | -74.0% |
| Total | 1,472 | 5,223 | 4,794 | 161 | -52.2% |
Top Suppliers of Onion to Azerbaijan in 2022:
- Russia (383.8 tons)
- Netherlands (13.2 tons)
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