Price for Grapes; Fresh or Dried in Azerbaijan - 2023
Contents:
- Price for Grapes; Fresh or Dried in Azerbaijan (CIF) - 2023
- Price for Grapes; Fresh or Dried in Azerbaijan (FOB) - 2022
- Imports of Grapes; Fresh or Dried in Azerbaijan
- Exports of Grapes; Fresh or Dried in Azerbaijan
Price for Grapes; Fresh or Dried in Azerbaijan (CIF) - 2023
The average grapes; fresh or dried import price stood at $2,354 per ton in September 2023, surging by 28% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Uzbekistan ($2,606 per ton), while the price for Iran amounted to $1,662 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.9%).
Price for Grapes; Fresh or Dried in Azerbaijan (FOB) - 2022
In 2022, the average grapes; fresh or dried export price amounted to $756 per ton, with an increase of 10% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 21%. Over the period under review, the average export prices attained the maximum at $844 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($760 per ton), while the average price for exports to Ukraine stood at $583 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+1.1%).
Imports of Grapes; Fresh or Dried in Azerbaijan
Grapes; fresh or dried imports into Azerbaijan reached 4.6K tons in 2022, with an increase of 2.6% against 2021 figures. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +49.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, grapes; fresh or dried imports rose sharply to $9.2M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +63.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 51%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Grapes; Fresh or Dried in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 3.0 | 2.8 | 5.2 | 7.1 | 33.3% |
| Iran | 2.4 | 2.7 | 3.1 | 1.9 | -7.5% |
| Turkey | 0.4 | N/A | 0.2 | 0.1 | -37.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 6.1 | 5.6 | 8.5 | 9.2 | 14.7% |
Top Suppliers of Grapes; Fresh or Dried to Azerbaijan in 2022:
- Uzbekistan (3.3K tons)
- Iran (1.2K tons)
- Turkey (0.1K tons)
Exports of Grapes; Fresh or Dried in Azerbaijan
For the fourth year in a row, Azerbaijan recorded growth in shipments abroad of grapes; fresh or drieds, which increased by 18% to 12K tons in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 59% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, grapes; fresh or dried exports surged to $9.3M in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 62% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Grapes; Fresh or Dried in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.9 | 4.8 | 6.6 | 9.0 | 45.9% |
| Ukraine | N/A | 0.1 | 0.5 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 3.0 | 4.9 | 7.1 | 9.3 | 45.8% |
Top Export Markets for Grapes; Fresh or Dried from Azerbaijan in 2022:
- Russia (11.9K tons)
- Ukraine (0.2K tons)
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This report provides an in-depth analysis of the dried grapes market in Azerbaijan.
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