Price for Cereals; Barley, Other than Seed in Azerbaijan - 2024
Contents:
- Price for Cereals; Barley, Other than Seed in Azerbaijan (FOB) - 2022
- Price for Cereals; Barley, Other than Seed in Azerbaijan (CIF) - 2024
- Exports of Cereals; Barley, Other than Seed in Azerbaijan
- Imports of Cereals; Barley, Other than Seed in Azerbaijan
Price for Cereals; Barley, Other than Seed in Azerbaijan (FOB) - 2022
In 2022, the average export price for cereals; barley, other than seeds amounted to $209 per ton, with an increase of 6.8% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Iraq.
From 2016 to 2022, the rate of growth in terms of prices for Iran amounted to +9.0% per year.
Price for Cereals; Barley, Other than Seed in Azerbaijan (CIF) - 2024
The average import price for cereals; barley, other than seeds stood at $150 per ton in August 2023, growing by 7.6% against the previous month. Overall, the import price, however, continues to indicate a deep reduction. The import price peaked at $199 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From June 2023 to August 2023, the rate of growth in terms of prices for Russia amounted to -13.2% per month.
Exports of Cereals; Barley, Other than Seed in Azerbaijan
In 2022, shipments abroad of cereals; barley, other than seeds decreased by -51.7% to 35K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a temperate expansion.
In value terms, cereals; barley, other than seed exports declined sharply to $7.3M in 2022. In general, exports, however, saw prominent growth.
| Export of Cereals; Barley, Other than Seed in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 2.6 | N/A | 6.6 | 3.6 | 11.5% |
| Afghanistan | N/A | N/A | 0.2 | N/A | 0% |
| Others | 2.8 | N/A | 7.4 | 3.7 | 9.7% |
| Total | 5.4 | N/A | 14.2 | 7.3 | 10.6% |
Top Export Markets for Cereals; Barley, Other than Seed from Azerbaijan in 2022:
- Iraq (17.2K tons)
Imports of Cereals; Barley, Other than Seed in Azerbaijan
In 2022, overseas purchases of cereals; barley, other than seeds decreased by -68.6% to 8.9K tons, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 291%. As a result, imports reached the peak of 109K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cereals; barley, other than seed imports dropped dramatically to $2.1M in 2022. Over the period under review, imports showed a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 224% against the previous year. As a result, imports reached the peak of $19M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Barley, Other than Seed in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.5 | 9.0 | 2.7 | 0.8 | -18.9% |
| Kazakhstan | 1.4 | 0.4 | 0.5 | 0.5 | -29.1% |
| Others | 2.9 | 9.4 | 2.7 | 0.8 | -34.9% |
| Total | 5.8 | 18.7 | 5.9 | 2.1 | -28.7% |
Top Suppliers of Cereals; Barley, Other than Seed to Azerbaijan in 2022:
- Russia (4.4K tons)
- Kazakhstan (2.1K tons)
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