Price for Cereal Groats and Meal; of Wheat in Azerbaijan - 2024

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Azerbaijan (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Azerbaijan (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Azerbaijan
4. Exports of Cereal Groats and Meal; of Wheat in Azerbaijan

Price for Cereal Groats and Meal; of Wheat in Azerbaijan (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $523 per ton in 2022, increasing by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 19%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($950 per ton), while the price for Thailand ($39 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Wheat in Azerbaijan (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,177 per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Poland.

From 2019 to 2022, the rate of growth in terms of prices for Poland amounted to 0.0% per year.

Imports of Cereal Groats and Meal; of Wheat in Azerbaijan

In 2022, imports of cereal groats and meal; of wheats into Azerbaijan soared to 1.8K tons, with an increase of 68% on the previous year. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2020 indices.

In value terms, imports of cereal groats and meal; of wheats soared to $944K in 2022. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats and Meal; of Wheat to Azerbaijan in 2022:

1. Russia (1639.0 tons)
2. Ukraine (97.1 tons)
3. Thailand (45.1 tons)

Exports of Cereal Groats and Meal; of Wheat in Azerbaijan

In 2022, after two years of decline, there was decline in overseas shipments of cereal groats and meal; of wheats, when their volume decreased by 0% to 1.8 tons. Overall, exports showed a sharp curtailment. The smallest decline of 99.9% was in 2020.

In value terms, exports of cereal groats and meal; of wheats stood at $2.1K in 2022. In general, exports recorded a significant decrease. The smallest decline of 99.9% was in 2020.

Top Export Markets for Cereal Groats and Meal; of Wheat from Azerbaijan in 2022:

1. Poland (1.8 tons)

Source: IndexBox Market Intelligence Platform