Price for Cheese of All Kinds, Grated or Powdered in Azerbaijan - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Azerbaijan (CIF) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Azerbaijan
Price for Cheese of All Kinds, Grated or Powdered in Azerbaijan (CIF) - 2022
The average import price for cheese of all kinds, grated or powdered stood at $4,650 per ton in 2022, with an increase of 34% against the previous year. In general, the import price recorded a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 167%. Over the period under review, average import prices attained the maximum at $5,352 per ton in 2018; however, from 2019 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 Russia ($16,602 per ton), while the price for Iran ($2,002 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in Azerbaijan
In 2022, overseas purchases of cheese of all kinds, grated or powdered decreased by -12.4% to 141 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports reached the peak of 161 tons, and then dropped in the following year.
In value terms, imports of cheese of all kinds, grated or powdered skyrocketed to $656K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 increased by +78.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Cheese of All Kinds, Grated or Powdered in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 179 | 183 | 228 | 276 | 15.5% |
| Poland | 35.7 | 80.1 | 83.2 | 201 | 77.9% |
| Iran | 15.1 | 41.9 | 76.1 | 71.3 | 67.8% |
| Argentina | 35.7 | 23.9 | 51.2 | 66.1 | 22.8% |
| Russia | 34.8 | 23.3 | 50.1 | 36.1 | 1.2% |
| Denmark | 30.3 | 35.7 | 47.2 | N/A | 24.8% |
| Others | 38.4 | 24.3 | 24.5 | 5.1 | -49.0% |
| Total | 368 | 412 | 560 | 656 | 21.3% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Azerbaijan in 2022:
- Turkey (50.6 tons)
- Poland (48.2 tons)
- Iran (35.6 tons)
- Argentina (4.0 tons)
- Russia (2.2 tons)
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