Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan - 2024

Contents:

1. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan (CIF) - 2022
2. Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan (FOB) - 2022
3. Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan
4. Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan (CIF) - 2022

In 2022, the average import price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell amounted to $1,208 per ton, leveling off at the previous year. Overall, the import price showed measured growth. The most prominent rate of growth was recorded in 2015 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $1,282 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($1,735 per ton) and China ($1,656 per ton), while the price for Uzbekistan ($1,178 per ton) and India ($1,247 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan (FOB) - 2022

The average export price for ground-nuts; other than seed, not roasted or otherwise cooked, in shell stood at $6,500 per ton in 2021, stabilizing at the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs in 2021 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 Georgia.

From 2019 to 2021, the rate of growth in terms of prices for Georgia amounted to 0.0% per year.

Imports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan

In 2022, approx. 1.8K tons of ground-nuts; other than seed, not roasted or otherwise cooked, in shell were imported into Azerbaijan; with a decrease of -10.4% compared with the previous year's figure. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 186%. As a result, imports attained the peak of 2.1K tons, and then dropped in the following year.

In value terms, imports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell fell to $2.2M in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 221%. As a result, imports reached the peak of $2.5M, and then dropped in the following year.

Top Suppliers of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell to Azerbaijan in 2022:

1. Uzbekistan (1595.5 tons)
2. India (151.5 tons)
3. Argentina (34.4 tons)
4. China (33.7 tons)

Exports of Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell in Azerbaijan

In 2021, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell from Azerbaijan was estimated at 4 kg, remaining stable against 2020 figures. Over the period under review, exports saw a precipitous decrease. The smallest decline of 99.9% was in 2020.

In value terms, exports of ground-nuts; other than seed, not roasted or otherwise cooked, in shell totaled $26 in 2021. In general, exports recorded a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

Top Export Markets for Ground-Nuts; Other than Seed, Not Roasted or Otherwise Cooked, in Shell from Azerbaijan in 2022:

1. Georgia (4.0 kg)

Source: IndexBox Market Intelligence Platform