Price for Cereal Flours; Other than of Wheat or Meslin in Azerbaijan - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Azerbaijan (CIF) - 2022
- Price for Cereal Flours; Other than of Wheat or Meslin in Azerbaijan (FOB) - 2022
- Imports of Cereal Flours; Other than of Wheat or Meslin in Azerbaijan
- Exports of Cereal Flours; Other than of Wheat or Meslin in Azerbaijan
Price for Cereal Flours; Other than of Wheat or Meslin in Azerbaijan (CIF) - 2022
The average import price for cereal flours; other than of wheat or meslin stood at $382 per ton in 2022, growing by 19% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 57%. The import price peaked at $393 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($1,693 per ton), while the price for Russia ($321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in Azerbaijan (FOB) - 2022
The average export price for cereal flours; other than of wheat or meslin stood at $2,580 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a significant increase. Over the period under review, the average export prices attained the peak figure at $2,585 per ton in 2021, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2017 to 2022, the rate of growth in terms of prices for Turkey amounted to -1.6% per year.
Imports of Cereal Flours; Other than of Wheat or Meslin in Azerbaijan
In 2022, approx. 2K tons of cereal flours; other than of wheat or meslin were imported into Azerbaijan; falling by -9% against the previous year. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year.
In value terms, imports of cereal flours; other than of wheat or meslin stood at $761K in 2022. Over the period under review, imports continue to indicate a deep downturn.
| Import of Cereal Flours; Other than of Wheat or Meslin in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 654 | 529 | 531 | 612 | -2.2% |
| Turkey | 267 | 120 | 122 | 110 | -25.6% |
| Others | 57.4 | 36.3 | 47.9 | 38.9 | -12.2% |
| Total | 978 | 685 | 702 | 761 | -8.0% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Azerbaijan in 2022:
- Russia (1906.8 tons)
- Turkey (65.0 tons)
Exports of Cereal Flours; Other than of Wheat or Meslin in Azerbaijan
In 2022, approx. 100 kg of cereal flours; other than of wheat or meslin were exported from Azerbaijan; reducing by -50% compared with the year before. In general, exports faced a sharp curtailment.
In value terms, exports of cereal flours; other than of wheat or meslin dropped rapidly to $258 in 2022. Overall, exports showed a significant decrease.
| Export of Cereal Flours; Other than of Wheat or Meslin in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Turkey | 19.0 | 258 | 1257.9% | ||
| Kazakhstan | 498 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 517 | 258 | -50.1% | ||
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Azerbaijan in 2022:
- Turkey (100.0 kg)
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This report provides an in-depth analysis of the cereal flour market in Azerbaijan.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
